The terms ‘Ethereum, Solana, Polkadot and Tether’, sometimes mentioned in the news, refer to
[amp_mcq option1=”Cryptocurrencies” option2=”Earth Observation Satellites” option3=”Hypersonic Cruise Missiles” option4=”Virtual Private Network service providers” correct=”option1″]
This question was previously asked in
UPSC CDS-2 – 2022
The terms ‘Ethereum, Solana, Polkadot and Tether’ are well-known names in the world of cryptocurrencies. They represent different types of digital assets based on blockchain technology.
Cryptocurrencies are digital or virtual currencies that are secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.