Bitcoin is a buzzword these days. Although people are increasingly showing interest in the cryptocurrency, not many know how it really works.
Economic experts have called the trade an economic ‘bubble’. Backers of the cryptocurrency argue that it’s the “democratisation” of currency. However, no one actually knows about the effect it’s going to have on the world economy.
Needless to say, Indians have also shown interest in the Bitcoin trade. Such is the interest for Bitcoins that the Reserve Bank of India has already issued three warnings about ‘unregulated’ trade.
InUth spoke to Shikha Mehra, a cryptocurrency expert and academic, to explain the idea, history and mechanism of Bitcoin trade.