Akshay Gokalgandhi

Future of Cryptocurrency The recent cryptocurrency boom and it’s parent technology- blockchain is hard to overlook. Though this technology is breaking different historical thresholds, have you ever wondered what will be the future scope of cryptocurrencies ? Where will be it 5 years down the line? Future of Cryptocurrency By far, we know that bitcoin is a decentralised ledger which uses peer to peer technology and is free from any central authority. This makes it different from fiat currency. Currently, the worth of any cryptocurrency depends on what investors can shell for it at this point of time. Also, if a crypto exchange shuts down, clients with existing crypto balances have no recourse to get them back. This is what the current scenario says. Let us look at some facts and figures by a few crypto enthusiasts Famous Venture capitalist Tim Draper predicts that bitcoin will reach $250,000 by 2021. He had earlier predicted that it would reach $10,000 by 2017. He p...

Bitcoin 101 Do you ever wish that the stash of cash, which you own in an online rummy or poker game were real? Bitcoin , is the topic of this course and is a paperless currency that is a peer-to-peer payment system. In simple terms , we can say that bitcoin is a digital currency or a form of online cash. It was outlined by a programmer apparently called by the name Satashi Nakamoto in 2008, in a paper published and built in 2009. What are Bitcoins? Bitcoins are like currency that can be exchanged for value. The only difference is that this currency is digital. No one can touch and feel it, but it can be exchanged with a few clicks. Who controls Bitcoins? No one controls Bitcoins. Bitcoins are a use case of the Blockchain technology. Like no one controls the email which a result of internet . A set of developers work on the technology to keep improving it. How do you set value to Bitcoins? Like any other commodity, the value of a Bitcoin is set by Demand and sup...

Types of ICO tokens ICOs are something that I ’ve been writing about frequently. They have been really impressive and are making their mark in the world. They have been the new buzz word in the financial sector as well in the tech world. Not often have we see the investment bankers and the techies working closely together to develop something interesting until the ICO world started to frame up. These Initial coin offerings raised more money in the first quarter of 2018 itself than the entire of 2017, according to a report from CoinDesk. With USD6.3 billion already raised and a lot more to follow everyone seems to be looking deeply into the functioning and possibilities to raise funds or invest in these tokens for personal gains. But what are these tokens and how does a person deal with them? Or can one use them anywhere apart from exchanges are the common questions. What we have understood and also various reports from the web and our experience that we can classify...

Blockchain and India The love hate relationship between the technology and the state The Blockchain community in India is going bezerk over the recent news of RBI instructing the country's financial institutions to not allow payments for purchase of crypto currencies in India. At the same time in this years budget session, Mr . Arun Jaitley the finance minister announced plans to adopt the Blockchain technology. “The government will explore the use of Blockchain technology proactively for ushering in the digital economy,” Jaitely said. Courtsey : Indian Express So what does the government actually want to do? The Blockchain Technology A Blockchain is a digitised , decentralised , public ledger of transactions. By allowing digital information to be distributed , but not copied, Blockchain technology formed the backbone of a new type of Internet. Originally devised for financial transactions, it formed the base of Bitcoins, but gradually the t...

What is Blockchain : Haven't we all come across this term repeatedly? Maybe a colleague in the office or a friend at the tea stall just kept bloating the fact that he made $1 above his investment in Bitcoins (BTC) . Well he made that money because of the technology that supports these tokens. So "What is Blockchain ?" after all! Is Blockchain software? Is Blockchain a MLM chain? Is Blockchain some new kind of technology? So what is it? " Blockchain " is a digital diary. Just like the one that your parents keep to maintain accounts with your local kiranawalla . The same diary that your parents maintain and a copy of it is stored by the shopkeeper. Both of them maintain a list of products purchased independently. When you ran down the store to buy a pack of bread the shopkeeper made an entry and then your mom made one back at home. Sometime both of you signed against each others entries to ensure that both of you agreed upon the entry made in the ledg...