Fentanyl: A Powerful but Dangerous Drug Fentanyl is a powerful synthetic opioid drug that is often used to treat severe pain. It is a Schedule II controlled substance, which means that it has a high potential for abuse and dependence. Despite its effectiveness in treating pain, fentanyl can be extremely dangerous and even deadly if used improperly. Uses of Fentanyl Fentanyl is primarily used to manage severe pain, particularly in patients who are undergoing surgery or who are experiencing chronic pain due to cancer or other serious medical conditions. It can also be used as a part of anesthesia for surgical procedures. Fentanyl is available in several different forms, including transdermal patches, lozenges, and injectable solutions. Demerits of Fentanyl The main danger of fentanyl is its potential for abuse and overdose. Fentanyl is a highly potent drug, up to 100 times more potent than morphine. It can cause a rapid onset of sedation, respiratory depression, and even coma or dea...
What is crypto currency?
Basically it's a digital form of currency just like Indian rupee, United States dollars, Euro of Europe, Pound sterling of UK, etc. We can say, it's a digital version of medium of exchange in 21st century. Although presently it's not used everywhere due to lack of acceptance and awareness but it's future is uncertain.
Crypto currency has used encryption technique to create new currency as well as verifying the money digitally during exchanges. Example- Bitcoin, it was digitally created using encryption technique which cannot be hacked or decoded. Everytime it's exchanged in digital world for buying or selling of goods and services, the same encryption technique enhances its value.
In present day world, whenever we buy or sell any goods or services, we use fiat money which is issued by central bank of nation that has assurance about legality and genuineness of fiat money and every transactions of it is recorded.
But in case of crypto currencies, computer group forms a private network that work digitally in authentication of transactions by solving complex puzzles in cryptographic format. Every system that solves the puzzle cryptographically is rewarded with some crypto currency and the whole process is called Mining.
The mining process works as per block chain technological transactions.
What is Block Chain ?
After 2008 financial crisis, it is said that these system of accounting was derived by a group of people with an objective to digitally record the value of money and all related transactions on a open ledger publicly, where every transaction made are recorded in an encrypted and anonymous form. This kind of ledger is called Block Chain.
In present day, every day transactions made by us is recorded by central bank but in case of crypto currency the ledger will be maintained in encrypted form without any interference of central banks.
What is stable Coin ?
These are digital currencies back by fiat money like dollar, pound, yen, rupees, etc of central bank.
It makes the public more acceptable towards digital currencies due to low fluctuations overnight and also assurance of reserve assets.
Many government are thinking about stable coins because
1. In digital ecosystem, stable coins would be backed by fiat currencies.
2. Low fluctuations as compared to unbacked crypto currency.
Disclaimer: all information mentioned above is collected from various sources of internet. Do share your views or further questions in comments below.
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