Olympus DAO (OHM) Olympus DAO (OHM) is a decentralized reserve currency built on the Ethereum blockchain. It aims to provide a store of value that is not tied to any traditional asset or currency. OHM holders participate in the governance of the protocol, influencing decisions related to the monetary policy and development of the Olympus […]
Understanding the dynamics of metaverse land Metaverse land represents a piece of the virtual world where users can build, own, and monetize digital assets. These parcels of virtual land act as a canvas for creativity. They provide individuals and businesses with the opportunity to develop virtual environments, establish businesses, host events, and engage in various […]
Understanding Altcoins Altcoin is a term that encompasses all cryptocurrencies other than Bitcoin. The name “altcoin” derives from the phrase “alternative coin” and was coined to differentiate these digital currencies from Bitcoin. Alt coins are built on various blockchain platforms and utilize different underlying technologies, protocols, and consensus mechanisms. Beginnings of Altcoins The first notable […]
The Ponzi Scheme and the Exit Scams One of the earliest and most prevalent cryptocurrency scams is the Ponzi scheme, where investors are promised high returns on their investments, primarily derived from the investments of subsequent participants. One infamous example is the case of BitConnect, which promised exorbitant returns through its lending and staking program. […]
What is an Initial Coin Offering (ICO)? An Initial Coin Offering, commonly referred to as an ICO, is a fundraising method used by blockchain-based projects to raise capital. It is also referred to as Initial Token Offering. The process involves the issuance and sale of digital tokens or coins to investors and enthusiasts in exchange […]
What is proof of stake blockchain? Proof of Stake (PoS) is a consensus mechanism used in blockchain networks to achieve consensus on the state of the blockchain and validate transactions. It serves as an alternative to the energy-intensive PoW algorithm used by Bitcoin and some other cryptocurrencies. In a PoS blockchain, validators are chosen to […]
A step-by-step guide on how to buy digital currency in India The popularity of digital currencies, such as Bitcoin and Ethereum, has grown significantly, and individuals in India are increasingly interested in participating in the cryptocurrency market. If you’re considering buying digital currency in India, this step-by-step guide will walk you through the process and […]
Future of crypto currency in India: What to expect? With Bitcoin as a pioneering example, cryptocurrency has disrupted the financial landscape globally. In India, the interest and adoption of digital currencies have been steadily growing. As the country embraces the digital revolution, it is crucial to understand the future prospects of crypto currency in India. […]
Bitcoin mining in India: Legality status In India, the regulatory landscape surrounding cryptocurrencies, including mining activities, has been subject to evolving interpretations and policies. Perhaps, to understand this in detail, we must look at the cryptocurrency regulations in India: The Reserve Bank of India (RBI), the country’s central bank, has expressed concerns about cryptocurrencies and […]
