Paper I · 2 General Science & Technology · 2.13 Emerging technologies

2.13.3 Blockchain, cryptocurrency and the digital rupee

Blockchain is a shared, tamper-resistant digital ledger; cryptocurrencies run on it without a central bank, while the digital rupee is the RBI's own official digital currency.

  • APPSC Paper I · Paper I
  • Standard level
  • 5 min read
  • Full course

Key terms

  • blockchain
  • distributed ledger
  • bitcoin
  • cryptocurrency
  • CBDC
  • e-rupee
  • UPI
  • NPCI

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

Read the full note in the app. It is part of the APPSC Paper I full course in Medha AI. Free in the app: the first chapter of each topic.

Medha AI writes its own notes and checks them against the sources listed. Medha AI is an independent preparation service. It is not affiliated with, endorsed by or connected to APPSC, TSPSC, MPSC, UPSC or any other commission or government body.