If Tron achieves its goal of decentralising entertainment, its billion tokens would be used by audiences to connect with content creators directly — whether it be music streaming, video or app stores. The direct transactions and distributed file sharing using blockchain are expected to make content less expensive for consumers, who will have to buy Tron tokens.
This will allow users to benefit from the strengths of multiple blockchains and enable them to communicate with each other. It is popular with investors who hope to benefit from the growth of decentralised finance DeFi , such as crypto lending and borrowing. Cardano is more environmentally friendly compared to other currencies that use an energy-intensive mining process. Investors justify its price rise over time, by pointing to its real-world uses, such as tracking farm supply chains , fighting retail plagiarism and more.
Charles Hoksinson, the founder of Cardano and former co-founder of Ethereum, is hoping to break into the African ecosystem. Solana is useful in the booming sector of decentralized finance DeFi solutions and is attractive amongst developers with DApps built on top of its blockchain. Users of those applications, who use DeFi services and trade NFT tokens need Solana tokens, explaining its six-fold rise in value this year.
With even fixed deposit rates falling below inflation rates, and property requiring very large commitments, the investor community is naturally gravitating towards avenues that can grow wealth faster even at the small scale. This year, the US saw company balance sheets and billion-dollar funds that reported hundreds of millions of dollars invested in cryptocurrencies. As with stocks, investors should expect market cycles in which crypto coins and tokens have periods of their value rising and falling.
However, the overall trend as seen in the market this year, has been one of growing values all around. Disclaimer: This is a sponsored post in partnership with WazirX. Do your own research DYOR before deciding to invest in any asset, cryptocurrency or otherwise. Times Internet Limited. All rights reserved. For reprint rights. Times Syndication Service. Home Notifications Newsletters Next Share.
The father-son duo of Uddhav Thackeray and Aaditya are transforming the once violence-loving party into a moderate one to suit the current political environment. The party cadre, though, are unhappy at being denied their regular adrenaline rush of "tod phod". The government of India may recognise crypto as an asset not currency and plans to regulate private cryptocurrency rather than ban it, according to a cabinet note on the proposed cryptocurrency Bill, said an NDTV report.
The note adds that crypto will not be recognised as a legal currency in India. The price of Bitcoin BTC , the top cryptocurrency by market capitalisation, fell 1. Ethereum ETH , the second-largest cryptocurrency by market value, lost 1. Solana SOL increased 0. Prince Floki V2 PrinceFloki became the biggest gainer in the last 24 hours, recording a rise of Top meme coin by market value Dogecoin fell 0. In a cabinet note, the government of India said crypto exchanges will be dealing with crypto assets but they will be regulated by the Securities and Exchange Board of India Sebi , according to an NDTV reported.
Once the cabinet gives consent to the note, the Cryptocurrency and Regulation of Official Digital Currency Bill, can be tabled in Parliament. Once the bill is tabled before Parliament, clauses and sub clauses can be discussed.
Given the complexity involved, reaching consensus will be an uphill task for both treasuries as well as the opposition benches. The bill is likely to be referred to the standing committee of Parliament," says Sharat Chandra, a blockchain and emerging tech evangelist.
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