"SCAM" is the poison of these cryptocurrency world.
Sometimes, in the desire of more and in the desire of freebies, we make the mistake which can lead to harm.
Therefore, if you adopt any untrusted project without reading about project or white paper of any project, it may not prove beneficial for you. That's why every step is to invest in digital crypto currency.be carefully 😊
At Many platforms most users write articles for huge reward for you but it may be scam .
Be prepared only if you have confidence in a project.
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"The DAO," one of the first decentralized autonomous organizations, raised over $150 million in Ether, making it one of the largest crowdfunding projects at the time, but it later collapsed due to a security vulnerability exploit
Fundamental Concepts:
DAO is defined by its use of smart contracts. These are self-executing contracts with the terms of the agreement directly written into code. This code runs on a blockchain, ensuring that the rules and decisions of the DAO are transparent and encoded in a tamper-proof manner. This transparency builds trust between participants, as all actions and decisions are recorded on the blockchain.
Benefits of DAOs:
Decentralization: Since there is no central authority, power and decision-making are distributed among members. Transparency: All transactions and proposals are recorded on the blockchain. Autonomy: DAOs operate automatically according to pre-defined rules with minimal human intervention. $BTC
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A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a need for a central clearing authority. Potential applications can include enterprise blockchain applications, sustainability, tokenization, fund transfers, supply chain tracking and many other areas.
Blockchain’s benefits and unknowns:
Benefits:- Increased transparency Accurate tracking Permanent ledger Cost reduction
Taxation of Cryptocurrencies in India: Evolving Landscape and Legal:-
Cryptocurrency is a popular investment vehicle, but cryptocurrency taxation is contentious and uncertain among Indian investors. The government's move to tax cryptocurrencies through a flat tax on cryptocurrency profits has questioned its impact on investment patterns and compliance.
INTRODUCTION :
Cryptocurrencies have arrived as a disruptor of the global financial system, flipping traditional monetary systems, regulatory environments, and taxation regimes on their head. As conceived in their original guise as decentralized digital tokens free of central controls, cryptocurrencies such as Bitcoin, Ethereum, and others have gained phenomenal traction among investors, traders, and businesses worldwide. India, which has a rapidly expanding digital economy, has experienced unprecedented growth in the use of cryptocurrencies, precipitating with it pressing questions of taxation, regulation, and legal status. Taxation of cryptocurrency in India is a confusing scenario since they are not included in traditional finance assets. They do not quite fall into other tax categories, and hence, it is difficult to categorize, report, and administer. Due to this, this background, the Indian government has prescribed a format for taxation purposes to introduce digital assets into formal taxation. The Union Budget 2022 also introduced a uniform 30% tax on VDA income and 1% Tax Deducted at Source (TDS) for above ₹50,000 transactions (or ₹10,000 in a few instances). These reforms are a move towards regulating the growing digital asset market and making taxation easier.