The effect Bitcoin (BTC) and other cryptocurrencies may have on the Indian rupee is reportedly a top concern for Indian… read more
What is Rupee?
Rupee uses an altered version of the Scrypt Proof of Work mining algorithm, initially created for an online backup service named Tarsnap. The Scrypt algorithm is a password-based key derivation function , meaning that it infers a key from a password. Rupee is a blockchain based cryptocurrency that uses peer-to-peer network to enable digital exchanges instantly. Rupee chose to use Scrypt mining because it s more suitable for a general purpose processor, as opposed to ASICs mining hardware.
An Indian governmental committee is concerned by the impact that cryptocurrency could have on the rupee, if it is allowed… read more
TweetShare Plans to issue a state-backed cryptocurrency in India have stalled, months after the country’s central bank gave indications that… read more
One of India’s biggest crypto exchange with millions of crypto traders announced this Tuesday they were to close all Indian… read more
Huobi, currently the world’s third largest crypto exchange by daily trading volumes, is set to support Indian rupee (INR) transactions… read more
Zebpay, one of India’s largest cryptocurrency exchanges with around 3 million users, is disabling its Indian rupee withdrawal and deposit… read more
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