Learning Blockchain: Introduction

I was very much ignorant about blockchain. I had heard about something called Bitcoin in my teens while surfing around the internet looking for ways to utilize my beat-up ancient AMD Athlon PC to the maximum.

Fast forward to 2021. During the pandemic, when everyone was locked down in their home, people began to do everything possible to cure their boredom. They even started investing! And then they heard about bitcoin and its huge return on investment since its inception. So, just like everyone, I jumped on the bandwagon and started investing in bitcoin and other tokens and coins. After a while, I realised that the fluctuation in the price is too much for me and I cashed in my profits (Yes! I invested in dogecoin when Elon Musk was serial tweeting on it). And then in December 2021, I was curious again about the interest giving facility some of these apps were providing.

So, I opened up my purse and spend ₨ 1000 on dogecoin (again). And I forgot about it. In February 2022, the government of India decided to tax cryptocurrency transactions at 30%. And I remembered about my investment in dogecoin. Guess what? I was 30% down from my original investment. So, I tried to salvage what I had. But bad luck struck again.

Most banks are not enthusiastic when it comes to cryptocurrency, they try their maximum to make their customers not deal with the crypto exchanges. My bank was no different. I could not transact with the exchange anymore with my bank account. And the ones that they do, do not have any branch in my town. That is when I decided to do a little research on cryptocurrency and blockchain.

This, as I intend it to be, would be a bi-weekly series about blockchain as I read and learn about it.