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What is bitcoin used for?

Bitcoin can be used to buy Xbox games, book hotels on expedia. Bitcoins can be exchanged for services, products and other currencies. You can read about the Bitcoin: Notes for UPSC Exam in the given link.

Further readings:

  1. Cryptocurrency: Definition, Advantages & Disadvantages
  2. India Report on Digital Education 2020 [UPSC Notes]
Related Links
Cashless Economy in India – UPSC GS-III Notes Draft National Strategy on Blockchain 2021| Blockchain Technology
Digital India – High-Speed Internet Networks to Rural Areas [UPSC Notes GS-III] PRAGYATA: Guidelines on Digital Education released by HRD Ministry
Defence Industrial Corridors (DICs) – Uttar Pradesh, Tamil Nadu G20 Talks on Economic Crisis: RSTV- Big Picture

 

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