Connect with us


Cryptocurrency- Method of payment or medium of Investment?

With this fast-growing digital world, the currency has also acquired its digital form. The currency which is in its digital form is called Cryptocurrency.




With this fast-growing digital world, the currency has also acquired its digital form. The currency which is in its digital form is called Cryptocurrency. It was established in the year 2009 with the most famous cryptocurrency- Bitcoin.

Unlike the other currencies in the world which are controlled by the Government of states and unions, These currencies are free from such control. No banks, Government, or any Centralized Institutes control these currencies. There is more than 5,000 cryptocurrency including Bitcoin, Ethereum, Ripple, Litecoin, Libra and Tether, etc.

Why and who created the cryptocurrency

If we recall the Global Economic Meltdown of 2008, several investors like Lehman Brothers, got bankrupt. It was the last depression worldwide before Covid-19. This gives rise to cryptocurrency. Keeping this crisis in mind, Satoshi Nakamoto invented an alternative form of traditional currency called Bitcoin cryptocurrency.

According to their Algorithm, These Bitcoins can be mined. And these Bitcoins can easily trade among others through a digital wallet or keys. Because it is Decentralized, Hacking its system is next to impossible.

Anything keeps its value intact only by providing its limited access just like Gold. Satoshi Nakamoto did the same. He made the number of bitcoin fixed i.e. 21 billion bitcoins and at present approx. ~90% of these bitcoins have been Mined. He had also cleared that the last equation of a bitcoin will be solved only in the year 2140. But, it is up to the future to prove this statement.

Though, It is difficult for a common person to understand its formula as it is highly technical and mathematical. So, to understand it, let’s take the example of Bitcoin.

 How does it work?

There is a public account in the digital form of all bitcoin transactions. This is called Ledger. A copy of this ledger exists on all the systems that are a part of the Bitcoin network. Whosoever manages these accounts are called Miners. The job of these miners is to verify transactions. They solve the mathematical equation, obviously by computers.

These equation combinations are trillions in numbers. Once this equation solves, the other computers within the network confirm it and this transaction is added to a chain called BlockChain. This whole verification process is called proof of work.

What is the need for other currencies?

As Bitcoin was the one and only cryptocurrency in the world so it consists of some drawbacks also. For instance-

  • Slow processing
  • Limited Bitcoins
  • Limited usage
  • Less accessible

As competition arises, some other cryptocurrencies evolved that in some or the other way tried to accomplish those lacking goals that bitcoin was unable to achieve. That is why they are called AltCoin.


It is the second-largest cryptocurrency by market capitalization, after Bitcoin. It works as a decentralized, open-source blockchain with smart contract functionality. It was released on 30 July 2015. And it processes within 2.5 minutes while Bitcoin takes 10 minutes to process.


It is also an alternative to Bitcoin as it takes only 4 secs to process the transaction. Ripple is built upon a distributed open-source protocol and supports tokens representing fiat currency and cryptocurrency commodity. It was established in 2012.


It was the most controversial cryptocurrency as it was the first currency that was established by a private company called Facebook.


Dogecoin is emerged in 2013 to satirize the growth of altcoins. While it was birthed as a joke, it actually led to some practicality as its large supply and low price facilitated efficient micro tipping content on social media. It has 1-minute block intervals making it faster than other blockchains. There is no cap to the supply of coins and thus the coin can inflate.

Cryptocurrency in India-

Now, this cryptocurrency, mostly bitcoin, is opted for by various companies as a medium of payment. For example- Facebook, PayPal, Amazon, etc.

But once in March 2020, it was banned by RBI. The reason behind it was, cryptocurrency, having its positives, posses some negatives as well. These negatives are mainly related to Money laundering and Security.

On the dark web of the Internet, people had started accepting payments through Bitcoins to purchase weapons and drugs. It became difficult for law enforcement agencies to track the transactions because they were outside the traditional Financial System. Hacking was also found as a major negative.

Another reason is that anybody can make their own cryptocurrencies which leads to frauds.

These were the reasons for RBI to ban the banking of Cryptocurrency. India operated cryptocurrency since 2013.

In response to that, many investors took this case to court and explained the similar fraudulent schemes between cryptocurrency and traditional currency. The Supreme court in March 2020, removed the illegal batches from cryptocurrency and provide it the legal form for the transaction.

Future of cryptocurrency-

The price of cryptocurrencies fluctuates a lot and it is extremely volatile. Its real-time example has been seen in the month of May 2021. In this Month, Bitcoin whose value was increasing dominantly, fallen by a huge margin. Through this, many investors who had invested in Bitcoins experienced huge losses.

China who, along with the USA, is the largest producer of Miners is banning cryptocurrency. This will definitely be going to hit the market.

India, on the contrary, not banning cryptocurrency but imposing regulatory bills to make it all secure and accountable to Government.

But, cryptocurrency being a great boon for investment can also become the curse for the same.


Overall it can be said that Cryptocurrencies and Bitcoin play an important role in the future of finance. Many people use it as a method of payment but a larger number of people use it as a medium of investment.

Just like Gold and other tangible things, cryptocurrency also becomes a form of long-term smart investment.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.


6 indoor plants and their upkeep

While almost all green plants can be kept indoors, some plants need more attention than others. Here best indoor plants for home in India.



best indoor plants for home in india
Source: @Safer Brand

While almost all green plants can be kept indoors, some plants need more attention than others which can be cumbersome if you have a busy schedule. But that doesn’t mean you can’t surround yourself with greenery. Let’s look at some best indoor plants for a home in India.

Rubber tree plant

It is fairly easy to maintain but is fussy when it comes to the amount of water it needs. Here is what you need to know if you have this plant. Rubber plants are rainforest specimens. While they need consistent moistness, they don’t want it to be soggy. Ensure that the pot the plant is in has adequate draining holes.

Use a dish under the pot lined with pebbles to catch extra water. This will keep the roots from sitting in water but provide the humidity as the water evaporates.

Croton plant

Its beautifully patterned leaves can brighten any space. Now that the rains are here in full force, it is important to ensure that you take care of all your plants. Overwatering can lead to root rot. An important thing to keep in mind is that the pot is well-drained. There is moisture in the air, overwatering will harm the plant. Croton also needs at least six to seven hours of sunshine but excess heat will damage its leaves. Try and keep the plant either East or West facing to make sure that the leaves don’t lose their colour.

English Ivy

It looks pretty and while it may look like it is an easy plant to look after, it is not the case. Like any other plant, this plant too will rot and its leaves will turn brown if you overwater them. Before you water it, check the soil. If it is moist, don’t water it. Make sure that the soil is loose and is kept in a well-drained pot. The plant grows in bright light but it is away from direct sunlight. It is a beautiful plan that can be kept inside the home; potting it in a hanging basket is an excellent way to enjoy the beauty of this plant.


The delicate curled leaves that unfurl into long, lacy fronds look pretty. Go into the forest and you will find ferns carpeting the floor. They also make a great houseplant. They can grow in any kind of pot — clay to hanging baskets to ceramic and don’t require full sun to thrive.

But Indian weather is different. A plant that may live happily in any other environment needs a lot of care here. They love moisture. During the rainy season make sure you don’t overwater the plant or the roots will rot. You can even spray water on the leaves to lock the moisture in. You can keep this plant in the bathroom or even the kitchen.

Green Aralia

One of the most important things to keep in mind if you have a green aralia is that it has to be kept away from cold drafts and windows during the winter months to ensure that it thrives. It needs a feed once every other month during the spring. During the summer months, the plant needs liquid fertiliser. However, be careful if you buy this plant; it is mildly toxic to humans and pets. Ingestion can lead to gastrointestinal irritation, nausea, vomiting and diarrhoea.

They are best as landscape plants. While watering aralia which is indoors, deep water is only when the soil is nearly dry. One of the most important things to keep in mind if you have a green aralia is that it has to be kept away from cold drafts and windows during the winter months to ensure that it thrives.

Pitcher plant

It is not always possible to ensure that the plant that you bring is going to live. Hence, it is important to take care of it properly. Let’s take the pitcher plant. So how does one take care of it if one wants to keep it indoors even if it is a carnivorous plant?

Depending on the species, some require full sunlight and those that originate in the floor of the rainforest may need filtered light. It requires moist soil, and keeps the potting soil moist, but not soggy. Allow the pot to drain thoroughly after watering and never let the pot stand in water or the roots will rot.

Continue Reading


Mother’s Day 2022: Significance, history, and importance

Being a mother is a full-time job and gets no appreciation-one day where their worth is truly appreciated. Here’swhy we celebrate mothers day.



why we celebrate mothers day
Source: @TOI

Most of us know that Mother’s Day is celebrated every second Sunday in May. But did you know why we celebrate mothers day? The whole idea behind Mother’s Day is to honour the mother of the family, to celebrate motherhood, maternal bonds, and the important role that they play in shaping society.

Why we celebrate mothers day?

It is said that the need to celebrate this day arose in the 1900s. Back then a daughter – Anna Jarvis, daughter of Ann Reeves Jarvis – to honour the sacrifices made by the mothers made for their children started this holiday.

It is said that Jarvis organized the first Mother’s Day service of worship and celebration at Andrews Methodist Episcopal Church in Grafton, West Virginia, the US which serves as the International Mother’s Day Shrine today.

Did you also know that different countries celebrate this day in different months? Some countries celebrate this day in March. Mother’s Day in Egypt is celebrated on March 21, the first day of spring in the northern hemisphere. In Georgia Mother’s Day is celebrated on March 3.

In some countries, the date is adopted to signify religion, like Virgin Mary Day in Catholic countries. Other countries selected a date with historical significance. For example, Bolivia’s Mother’s Day is a fixed date, commemorating a battle in which women participated to defend their children. Or in Russia where it is celebrated as International Women’s Day instead of Mother’s Day.

In India, the concept of celebrating Mother’s Day is new. This could be because we have traditionally been respectful of our mothers and have been revering them for generations.

We didn’t need to set a single day aside for them. But then, we (Indians) tend to ape the West and what the West does needs to be done back home.

Irrespective of how and when Mother’s Day is celebrated worldwide, children go out of their way to make this a special day for their mother. Lunches, treats and gifts are part and parcel of this day’s celebration.

What can you do? Here are some mothers day 2022 gift ideas

For the foodie mom

If your mother is a foodie a last-minute gift can be a meal subscription box that speaks to your mom’s interests. The subscription boxes are becoming popular across India as they select the finest and latest products every month and ship them across to their clients.

As a gift, you can opt for ingredients, or complete meals, including gourmet food and global cuisine. Innovative subscription boxes share recipes and exquisitely packaged boxes that can be used as a collector’s item.

If your mother is all about fitness

If your mom has been looking to shed some weight, a gym membership is a great gift! There are several gyms in each city that offer membership. This would help your mother work.

If your mother is all about looking good

A woman’s body goes through many changes, and protein is quintessential to cope with it. One can gift herbal products to the mother for that perfect skin that will keep her young at heart forever!


Continue Reading


5 health benefits of dancing, you might not want to miss

You see it on TV or in films. But did you know that the art form has several benefits of dance movement therapy as well? Read on



benefits of dance movement therapy

Dance is the purest expression of emotion. World over, dancing has a different meaning for different people and cultures. But there is one thing that is common across the board — it is an expression of one’s emotions through movement. These movements are not always graceful or beautiful and most people don’t even understand them, it’s tough to see a perspective on one’s dance.

What Dance Symbolise:

But dancing is extremely therapeutic. Dance therapy can use various hand movements and creative expressions to promote socio-emotional, cognitive, and somatic integration.

This is based on the idea that the body and mind are inextricably linked. It aids in self-expression, resulting in a shift in an individual’s overall functioning.

One has to remember that dance movement therapy isn’t just for dancers, and it’s certainly not a dance class. A dance lesson emphasises style and form, whereas dance movement therapy does not. In the latter, people aren’t judged on how well they execute the steps or how they appear while dancing.


In dance movement therapy, people are encouraged to communicate their feelings and thoughts while moving during dance movement therapy sessions.

Dance treatments are used in a variety of settings, including health, education, and social services, in the public, private, and nonprofit sectors.

It may be recommended as a primary service or as a complement to other forms of ongoing treatment, rehabilitation or education. The therapy can be short- or long-term. Engaging an individual does not require any dance skills or training just the willingness to move. The focus is on the therapeutic process.

Here’s how it can help

Help differently-abled

Dance therapy can help individuals, with different abilities, capacities and life conditions since it works with their bodies at that particular phase of life.

Benefit kids with autism, ADHD

People with developmental, medical, social, physical, and psychological problems benefit from dance movement therapy.

It has been used to assist persons with learning impairments, and neurodevelopmental disorders such as autism, and ADHD, among others.

Alzheimer’s disease, dementia, Parkinson’s disease, cancer, mood and anxiety disorders, eating disorders, mobility disorders, sensory processing disorders, trauma, and even violence prevention are just some of the conditions that can be treated.

Dance movement therapy can help those who are battling communication challenges, body image issues, chronic pain, and adjustment issues.

Communication tool

As language is not a barrier to movement, it can be used in individual, couple, family, and group therapy forms with people of different ages, races, and ethnic backgrounds.

Leads to self-awareness

Self-awareness, self-perception, confidence, producing a sense of peace, relational talents, and mindfulness are all benefits of dance therapy. It has been shown to reduce pressure, anxiety, and nerves, as well as feelings of disengagement and body strain.

Faster recovery

Dance movement aids in the learning of how to transform nonverbal movements into insights that can be applied to one’s recovery process.

Each one of us can move, each one of us has a movement language — we call it body language. All of us can dance! The idea of this therapy is getting aware of your body, feeling, accepting, and working on yourself.

People in dance movement therapy are not required to start dancing as soon as the music starts, unlike in a dance class. It’s all about the journey, not the destination!

Disclaimer: The idea of this article is to create awareness and is not meant to be followed without a doctor’s proper advice.

Continue Reading


Image Source: Forbes (Twitter)