They cannot be traced or confiscated or frozen by Governments. b. They are anonymous – transactions are verified, but not the purposes or counterparties of transactions. c. They are borderless – that is, they work over the internet without any physical existence. 9.
While Bitcoin started more than a decade back in 2008, until 5 years ago, total market capitalisation of all cryptocurrencies was only $ billion (February 2017). This went up to $ billion in February 2020 and thereafter exploded to reach a peak of $ trillion in November 2021. Currently (Feb 09, 2022) it stands at $ trillion.