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Showing posts from July, 2021

HOLA!! Indian Government Adopting Cryptocurrency

The Maharashtra government recently announced that it is working with LegitDoc, India's first blockade, to issue diploma certificates that tamper with evidence. The announcement comes shortly after reports that the country's government is using the Polygon Network to track the results of RT-PCR tests. As computer graphics improve, it becomes easier to make paper-based papers. Naturally, this is a problem for authorities where most procedures are performed with manual verification - which is often a very good basis. Solutions like the state DigiLocker are the right approach. However, these are built on a central structure - which means there is one point of failure, no matter how secure. The past few weeks have been full of headlines on how black hat hackers have used this weakness to get user information. To combat the growing scam, the Maharashtra State Board of Skill Development (MSBSD), and LegitDoc, are using the Ethereum blockchain to create a validation system. Once avail...

INDIA: Massive boost in Cryptocurrency usesšŸ’„

Last year, Blockchain.com unveiled its international list of significant growth for crypto users. Based on web design, Peru was # 1, followed by India. According to Blockchain.com : On ZebPay’s global exchange, which serves over 160 countries, the biggest volume growth recently has been from Nigeria. According to Blockchain.com, “Nigeria has been the most trending country in recent months. It has increased by 60% its usage of Blockchain.com web wallet since April 2020.” With the growth of interest among Nigerian investors and traders, the government is taking steps to create a legal framework. This is news that is welcome to the people of Nigeria and the global crypto community, including India. While there are ongoing rumors of a crypto ban in India, a larger trend is clearly pointing to legal guidance and adoption. In March 2020, the Supreme Court of India overturned the April 2018 RBI circular and confirmed that crypto assets were legal in India. In May 2020, the RBI itself confirme...

5 Common Mistakes New Crypto Traders Must Avoid

Like some other type of exchange, crypto exchange is also dependent on solid standards and practices that all financial backers, particularly the amateurs, should follow.  "Trade the market for what it is, not what you trust it to be." – Rasarab  Digital currency is the fury at this moment – standing out from individuals who have the cash to extra and individuals who don't. Since it has become a marvel and, all the more critically, because it is so available, everybody needs to turn into a digital money dealer. Like some other type of exchange, crypto exchanging is also done dependent on strong standards and practices that all financial backers, particularly the amateurs, should follow.  In this way, in case you are new to purchasing or selling Bitcoins in India, here are 5 normal missteps that you should keep away from:  1. Exchanging without an objective  Ask yourself, for what reason would you like to exchange digital currency? Is this is because every other ...

Crypto Mining: How It works šŸ’­(part 1)

Crypto mine (or "crypto mining," if you will) is a popular topic in online forums. You’ve probably seen videos and read articles about Bitcoin, Dash, Ethereum, and other types of cryptocurrencies. And in those pieces of content, the topic of cryptocurrency mining often comes up. But all of this can leave you wondering, "What is Bitcoin's mining?" or "what are crypto mines?" In short, cryptocurrency mining is a term that refers to the digital money collection process as a reward for a job completed. (This is known as Bitcoin mining when referring to Bitcoins mining directly.) But why do people mine? For others, it may be their source of income. For some, it is about gaining greater financial freedom without government or internal banks. But for whatever reason, cryptocurrencies are a growing area of ​​interest for technophiles, investors, and cyber criminals alike. So, what are cryptocurrency mines (in the sense of additional technology) and how do they...

Decentralized Finance (DeFi) : The Game Changer✌

  Decentralized Finance: There have been many advances in the cryptocurrency industry over the years. These include the introduction of cryptocurrency trading by PayPal, the announcement of Stable Coin by JPMorgan and the birth of Defy. Although Defy came into existence some time ago, the past few years have seen an increase in its acceptance - billions of dollars have been locked into various Defy platforms.  Since then, defi has been an important component in the adoption of blockchain and crypto. In this article, we will discuss - what can DeFi bring to the cryptocurrency industry and the world?  What is DeFi?  To fully understand the use of Defi, it is important to have a good understanding of what it is. Defi stands for 'decentralized finance' and refers to blockchain-based platforms that support various financial functions without the need for traditional intermediaries. Loans, betting, lotteries and stable coin purchases are examples of these activities. Defy ...

What Is Ethereum (ETH)?

 Ethereum (ETH)                   Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts. Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014 and officially launched the blockchain on July 30, 2015. Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud. ETH Price Live Data The live Ethereum price today is $2,152.49 USD with a 24-hour trading volume of $23,034,139,561 USD. Ethereum is down 9.17% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market ca...