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Showing posts from November, 2021

No proposal to recognise bitcoin as currency, finance ministry says in Lok Sabha

  The government is expected to bring a bill to regulate cryptocurrency in the winter session of Parliament, which began today. Cryptocurrencies like bitcoin work on blockchain technology - a decentralised ledger of transactions. The Union finance minister said in Parliament on Monday that central government does not collect any data on bitcoin transactions. It also said that there is no proposal to recognise bitcoin as a currency in the country. The response was given the form of a written reply in the Lok Sabha on a question on cryptocurrency. A legislation seeking regulation of cryptocurrency will be discussed in the winter session of Parliament, which began on Monday. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, seeks to create a framework to regulate digital to be currency issued by the Reserve Bank of India (RBI). According to the Lok Sabha website, the bill will also seek to prohibit all private cryptocurrencies in India, barring certain excepti...

Comparison Between TRC-10 and TRC-20 Tokens in the Real-world

  In this digital era, many technologies are evolving around us and they never failed in developing innovative products. Currently, a decentralized network is the most preferable one for the blockchain business. Because it has more privacy and high security. Crypto tokens are also one among them which has high security and privacy and is built under any prominent token development platform. One such prominent token development platform is Tron which is one of the most searched terms by startups and entrepreneurs.  Tron is kind of a stable blockchain that is specially introduced to develop decentralized applications. Smart contracts, and crypto tokens. If you are aware of Ethereum, then Tron is far similar to the ethereum blockchain. But Tron is also a powerful blockchain like ethereum. Tron blockchain was first invented by Justin sun in September 2017.  In the crypto space, most people feel tedious to adopt blockchain technology for their business. So Tron aims to elimina...