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Post-quantum cryptography (PQC) aims to develop cryptographic algorithms that are secure against the capabilities of quantum computers. Traditional public-key cryptographic systems, such as RSA and ECC, rely on mathematical problems like integer factorization and discrete logarithms, which are compuRead more
Post-quantum cryptography (PQC) aims to develop cryptographic algorithms that are secure against the capabilities of quantum computers. Traditional public-key cryptographic systems, such as RSA and ECC, rely on mathematical problems like integer factorization and discrete logarithms, which are computationally difficult for classical computers to solve. However, quantum algorithms, notably Shor’s algorithm, can efficiently solve these problems, rendering current cryptographic systems vulnerable once sufficiently powerful quantum computers become available.
To address this impending threat, PQC focuses on creating new cryptographic methods based on mathematical problems that are believed to be resistant to quantum attacks. These include lattice-based, hash-based, code-based, and multivariate polynomial cryptographic techniques. By developing and implementing these quantum-resistant algorithms, PQC seeks to ensure the continued security and privacy of digital communications and data in the era of quantum computing.
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A student with an annual income below ₹2.5 lakh but a cryptocurrency profit of ₹80,000 must file an Income Tax Return (ITR) in India. According to the tax rules, crypto profits are taxed at a flat 30% rate, with an additional 4% cess. This means a total tax liability of ₹24,960 on the ₹80,000 profitRead more
A student with an annual income below ₹2.5 lakh but a cryptocurrency profit of ₹80,000 must file an Income Tax Return (ITR) in India. According to the tax rules, crypto profits are taxed at a flat 30% rate, with an additional 4% cess. This means a total tax liability of ₹24,960 on the ₹80,000 profit, regardless of whether the individual’s total income falls below the basic exemption limit.
Since cryptocurrency transactions are monitored by the Income Tax Department, failing to disclose such income can lead to penalties or scrutiny. Filing an ITR not only ensures compliance but also helps in maintaining a clean financial record for future credit or loan applications.
Experts recommend filing the ITR promptly and consulting a tax advisor to avoid complications.
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Cryptocurrency is seen as the potential future of money, but it’s not a straight path to replacing traditional currency. It’s more like the early days of the internet—full of promise but still evolving rapidly. Here’s why: The Case for Cryptocurrency as the Future Decentralization: It eliminaRead more
Cryptocurrency is seen as the potential future of money, but it’s not a straight path to replacing traditional currency. It’s more like the early days of the internet—full of promise but still evolving rapidly. Here’s why:
The Case for Cryptocurrency as the Future
- Decentralization: It eliminates intermediaries like banks, offering freedom and transparency. This is especially appealing in regions with unstable financial systems.
- Sound Money Principles: Bitcoin, for example, is capped at 21 million coins, making it deflationary and resistant to manipulation—unlike fiat currencies, which can be printed endlessly.
- Global Accessibility: Cryptos can bring financial inclusion to the unbanked population, particularly in developing economies.
- Efficient Transactions: Faster international remittances and lower fees make crypto a practical solution for global commerce.
- Digital Gold: Like gold, cryptocurrencies are becoming a hedge against inflation, especially in volatile economies.
Challenges Holding It Back
- Volatility: Prices can swing wildly, making them less ideal for everyday use.
- Regulation: Governments and central banks are wary of losing control, with many imposing restrictions or outright bans.
- Energy Use: Mining consumes massive energy, raising concerns about sustainability.
- Adoption Curve: Despite growing interest, trust and usability among the general public remain low.
What’s Next?
Think of cryptocurrency today as the internet in its early days. Blockchain technology is rapidly evolving, with innovations like proof-of-stake, stablecoins, and Central Bank Digital Currencies (CBDCs) paving the way for broader acceptance.
As governments regulate and mainstream institutions adopt crypto, we may see it coexist with or even replace elements of the traditional financial system. But this future depends heavily on global collaboration, technological breakthroughs, and public trust.
In summary, cryptocurrency is not just the future of money—it’s the future of how we think about value and trust.
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The future of cryptocurrency is a subject of ongoing debate among experts, with opinions varying widely. Some analysts express concerns about potential downturns. For instance, financial analyst Robert Kiyosaki has warned of an impending "everything crash" that could significantly impact assets likeRead more
The future of cryptocurrency is a subject of ongoing debate among experts, with opinions varying widely. Some analysts express concerns about potential downturns. For instance, financial analyst Robert Kiyosaki has warned of an impending “everything crash” that could significantly impact assets like Bitcoin, suggesting it might plummet to $5,000 before potentially rebounding to higher values.
Recent developments have also introduced volatility into the crypto markets. The inauguration of President Donald Trump brought initial optimism due to anticipated favorable regulatory changes, leading to a surge in Bitcoin’s price. However, subsequent policy decisions, such as the creation of a task force to propose new crypto regulations and consider a U.S. cryptocurrency reserve, have led to market fluctuations. Bitcoin’s price, for example, steadied at around $105,000 following these announcements.
Additionally, the launch of meme coins like $TRUMP and $MELANIA has raised concerns about market stability. These coins experienced rapid value surges followed by significant declines, prompting skepticism about their impact on the legitimacy and stability of the broader cryptocurrency market.
Given these factors, the cryptocurrency market remains highly volatile and unpredictable. While some foresee potential downturns, others believe in the long-term viability of cryptocurrencies. Investors should exercise caution, stay informed about market developments, and be prepared for significant fluctuations.
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Will cryptocurrency go away? Explore diverse expert opinions on crypto's future, its market resilience, and potential challenges that could shape its journey. Cryptocurrency is here to stay, despite the doubts. While some critics, like Rakesh Mohan, argue it might "die a natural death," otherRead more
Will cryptocurrency go away? Explore diverse expert opinions on crypto’s future, its market resilience, and potential challenges that could shape its journey.
Cryptocurrency is here to stay, despite the doubts. While some critics, like Rakesh Mohan, argue it might “die a natural death,” others highlight its growing importance in global finance. Bitcoin, for instance, has shown strong resilience, growing 57% this year alone. Regulatory changes, like the SEC’s shift in stance, also suggest that the U.S. is opening up to crypto rather than shutting it down.
Like the internet in the 1990s, blockchain technology is still new to many. A good chunk of the global population isn’t familiar with it yet, and the future will depend on education and infrastructure. While a lot of crypto projects may not survive, blockchain’s impact on the future of technology is undeniable.
For now, Bitcoin stands as the most promising and safe investment in this space. Crypto is evolving, but it’s not going anywhere soon.
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Cryptocurrency replacing the U.S. dollar as the global reserve currency? Not anytime soon. While the rise of crypto, especially Bitcoin, has sparked discussions about the future of money, it's clear that the U.S. dollar remains deeply entrenched due to its stability, global acceptance, and backing bRead more
Cryptocurrency replacing the U.S. dollar as the global reserve currency? Not anytime soon. While the rise of crypto, especially Bitcoin, has sparked discussions about the future of money, it’s clear that the U.S. dollar remains deeply entrenched due to its stability, global acceptance, and backing by the U.S. economy. While crypto offers decentralization and a potential hedge against inflation, challenges like volatility, scalability, and regulatory hurdles stand in the way of it replacing fiat currency for everyday transactions.
However, cryptocurrencies like Bitcoin may become a complementary system, not a replacement—potentially coexisting with government-backed stablecoins and digital currencies. In certain regions, especially those with unstable financial systems, crypto could serve as a tool for financial inclusion and a store of value, but a full transition from fiat seems improbable in the near future.
So, while crypto is certainly reshaping the financial landscape, it’s more likely that it’ll support and coexist with traditional currencies rather than replace them outright.
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UpRock tokens (denoted as $UPT) are digital assets built on the Solana blockchain, serving as the native currency within the UpRock ecosystem. Read More: UpRock: Share Your Internet & Get Airdrops Today!
UpRock tokens (denoted as $UPT) are digital assets built on the Solana blockchain, serving as the native currency within the UpRock ecosystem.
Read More: UpRock: Share Your Internet & Get Airdrops Today!
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If I had to guess, Ethereum has a better shot at hitting $100K first. It’s already established as the second-biggest crypto, has strong institutional backing, and plays a huge role in DeFi and NFTs. Solana is fast and has a strong ecosystem, but it would need an insane market cap jump to get there bRead more
If I had to guess, Ethereum has a better shot at hitting $100K first. It’s already established as the second-biggest crypto, has strong institutional backing, and plays a huge role in DeFi and NFTs.
Solana is fast and has a strong ecosystem, but it would need an insane market cap jump to get there before ETH. Still, crypto is unpredictable—what’s your take?
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