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A spectre is haunting global capitalism: the spectre of cryptocurrencies. Three distinct forces of our modern age have come together to breathe life into this strange and wondrous monetary artifice. One, the rise of computational power that allows algorithms to programmatically issue currencies; two, a distrust towards governments that can idiosyncratically debase currency or even demonetise at will; and three, a scarcity of safe assets to store wealth over the long term. The birth of the first cryptocurrency — bitcoin — was announced to the world in 2008 by still unidentified inventor(s) who goes by the name ‘Satoshi Nakamoto’.
Q- What is cryptocurrency and enumerate the advantage and disadvantage of its if this idea of cryptocurrency is applied in Indian banking system.
Link it with GS Paper 3 and Essay
Q- The state needs to find holistic solutions to India’s chronic agrarian distress. List out probable solutions.
Link it with GS Paper 3 (pollution)
Write an essay in 1200 words on following topic
“Climate change: A phenomenon to increase inequality”