BASICS OF CRYPTOCURRENCY

BASICS OF CRYPTOCURRENCY

The resource person Advocate. R.Pandian in his brief session introduced the concept of Cryptocurrency from its very core. He spoke of the various kinds of Cryptocurrencies including Bitcoins & Litecoins. He explained how Cryptocurrencies were transmitted through the Internet medium through a peer to peer network and how the transfers were authenticated via a mechanism of online ledgers called Blockchains. He also spoke of the inherent risks and how users ought to beware. The resource person was patient enough to solve the doubts raised and encouraged inquisition. The organiser conclusively gave a closing note thanking the resource person for donating his time and the management & Principal for providing with this opportunity. It was an enlightening session on a much needed area of law.