1. differential because cryptocurrencies are primarlity used for unscrupolous purposes while bblockchian technology may be beneficial. So same regulatory mechnanism may not serve the true purpose.
2. Block chain technology is the superset of crypto currencies, not all crypto currencies are gained by solving blocks of data (which is the main basis of block chain tehcnology). for e.g. bitcoins is block chain technology.However erethrum is not a block chain technology .So there need to be separate regulatiry mechanism for both
3. Third crypto currencies are traded at stock exchange. So, its regulation requires proper policy inetrefrence with SEBI which is capital market watchdog. However block chain tehcnology need not serve the same purpose.
4. Currently, crypto currencies are not regulated by RBI, howver, RBI can constitute a special cell in cordination with the central banks of other countries such as China, Europe etc to keep an eye on its movement for money launderiong activities
*Ethereum is also a block chain technology. So your 2nd argument is wrong. Etherum is open software platform based on blockchain technology that enables the developers to build and deploy decentralised applications. The advantage of ethereum over bitcoin is that it can support many decentralised applications. It is the second most used crypto currency after bitcoin.
** you can write block chain has several application apart from crypto currency like automatic ledger system, fully automated supply chain management, online health monitoring (medical history) of the patients and so on.
*** Give example of IOTA which is a crypto currency but it is not based on block chain technology. As it has done away with the process of mining.
2. Block chain technology is the superset of crypto currencies, not all crypto currencies are gained by solving blocks of data (which is the main basis of block chain tehcnology). for e.g. bitcoins is block chain technology.
3. Third crypto currencies are traded at stock exchange. So, its regulation requires proper policy inetrefrence with SEBI which is capital market watchdog. However block chain tehcnology need not serve the same purpose.
4. Currently, crypto currencies are not regulated by RBI, howver, RBI can constitute a special cell in cordination with the central banks of other countries such as China, Europe etc to keep an eye on its movement for money launderiong activities
*Ethereum is also a block chain technology. So your 2nd argument is wrong. Etherum is open software platform based on blockchain technology that enables the developers to build and deploy decentralised applications. The advantage of ethereum over bitcoin is that it can support many decentralised applications. It is the second most used crypto currency after bitcoin.
** you can write block chain has several application apart from crypto currency like automatic ledger system, fully automated supply chain management, online health monitoring (medical history) of the patients and so on.
*** Give example of IOTA which is a crypto currency but it is not based on block chain technology. As it has done away with the process of mining.
No comments:
Post a Comment