Tag: Crypto

“Crypto” is the widely used shorthand for cryptocurrency, a revolutionary form of digital or virtual currency that employs cryptography for security. Unlike traditional currencies (fiat money) issued and controlled by central banks and governments, crypto operates on decentralized networks, most famously underpinned by blockchain technology.

This decentralized nature means there’s no single authority overseeing transactions or issuing new units. Instead, transactions are recorded on a public, immutable ledger (the blockchain) that is maintained and verified by a distributed network of computers. This provides transparency, security, and resistance to censorship.

The first and most well-known cryptocurrency is Bitcoin, launched in 2009. Since then, thousands of other cryptocurrencies, often called “altcoins” (e.g., Ethereum, Solana, BNB, Dogecoin), have emerged, each with unique features and use cases, from facilitating smart contracts to powering decentralized applications (dApps) and NFTs.

In India, crypto is legal to buy, sell, and hold, but it is not recognized as legal tender. Profits from trading are subject to a 30% tax on gains, and a 1% TDS on transactions above certain thresholds, as of mid-2025. Despite these taxes and ongoing regulatory discussions, India is a significant crypto market with a large user base, including active communities and service providers in cities like Surat, demonstrating its growing acceptance as an investment and technological innovation.

What is Conflux (CFX)? What It Is, Overview, Works, Guides, Everything You Need to Know

Conflux Network is a unique public blockchain that tackles this challenge head-on…

What is Chromia (CHR)? What It Is, Overview, Works, Guides, Everything You Need to Know

Chromia is a unique blockchain platform that directly addresses these challenges by…

What is Chiliz Chain? What It Is, Overview, Works, Guides, Everything You Need to Know

Chiliz Chain (formerly Chiliz Legacy Chain) is a specialized blockchain specifically designed…

What is Celo? What It Is, Overview, Works, Guides, Everything You Need to Know

Celo is a blockchain platform built with a singular, powerful mission: to…

What is Cardano? What It Is, Overview, Works, Guides, Everything You Need to Know

Cardano is a unique blockchain platform that distinguishes itself through its scientific…

What is Canto? What It Is, Overview, Works, Guides, Everything You Need to Know

Canto is a unique Layer 1 blockchain built with a radical vision:…

What is Callisto (CLO)? What It Is, Overview, Works, Guides, Everything You Need to Know

Callisto Network (CLO) is a secure, EVM-compatible PoW blockchain with cold staking,…

What is Caduceus? What It Is, Overview, Works, Guides, Everything You Need to Know

Caduceus is a specialized blockchain aiming to be the foundational infrastructure for…

What is BounceBit (BB)? What It Is, Overview, Works, Guides, Everything You Need to Know

BounceBit (BB) is a BTC restaking Layer-1 with CeDeFi infrastructure. Stake BTC,…

What is Boba Network (BOBA)? What It Is, Overview, Works, Guides, Everything You Need to Know

Boba Network (BOBA) is a multichain Layer-2 using Optimistic Rollups with Hybrid…