with the new cryptocurrency. Due to the high competition in mining, these
miners need specially designed computers to verify the transactions and
then add them to the blockchain digital ledger. In last few years,
cryptocurrency uses as well as mining both has been increased. Due to
increase in the mining process, the price of graphic cards has been
suddenly inclined. Some highly preferred graphic cards by the miners
such as Nvidia GTX 1060 and 1070 or AMD RX 570 and RX 580 were even
doubled or tripled in the year 2017. For instance, a graphic card known as
GTX 1070 Ti was worth $450 at the time of it’s release. However, was sold
at $1100. In fact, Nvidia had a discussion with the retailers that they can
do something to sell graphic cards to miners instead of the gamers but
Nvidia’s PR manager, Boris Bohles refused saying that “Gamers come first
for Nvidia”.
Cryptocurrency wallets: Cryptocurrency wallet consists of two keys
known as public and private keys (also known as public and private
addresses):
The public key provides an address that can be used for shorter time
spam in the form of transactions.
Private key provides the ownership of the cryptocurrency to the user on a
given address.
Transaction fees for cryptocurrency: Transaction fees in cryptocurrency
depends upon various circumstances. To exemplify, speed of the network
supply at time of transaction and also depends upon the demand of the
customer for the faster transaction.
Current scenario
 At present, every country has different opinions and different
regulations for cryptocurrency. Trading in cryptocurrency is legal in
some countries like Canada. However, countries like Nepal and
Pakistan have absolute ban on trading in cryptocurrency. Apart from
this, bitcoin scams are being investigated in North America and
Canada. Besides this, the Bank of Thailand in august 2018,
announced to create and launch their own cryptocurrency named as
Central Bank Digital Currency (CBCD).
 In 25 march 2014, the Internal Revenue Service (IRS) of USA stated
that people involved in trade of bitcoin will have to pay tax and in

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