Assalamu Alaikum
A user may use this digital currency or cryptocurrency for multiple purposes, such as exchanging, trading, bartering or generating your accumulated valuation. It can be a long term goal or an easy and safe method for currency exchange or transactions.
Mining
Cryptocurrency Mining: Some cryptocurrencies are created using blockchain technology and can be mined. This may apply if you can afford a suitable computer and IT equipment.
Holding tokens for staking or trading: Some cryptocurrency projects allow you to hold and stake their tokens, which can help reward you with additional tokens or project earnings each month.Through all these means, it is possible to earn from cryptocurrency. However, this is a high risk area and should be used with caution.
Is Income from Cryptocurrency Halal?
There have been discussions about cryptocurrencies in Islamic Bangladesh, mainly within the Islamic House of Bangladesh and the Bangladesh Cryptocurrency Forum, but not everyone agrees. They have similar opinions to discuss the single unit.
In this case, you can contact your local alim for help and direct your questions, opinions, and suggestions towards them.
Before Bitcoin, all online transactions went through a central or intermediary. Due to the decentralized model of Bitcoin and most of its other cryptocurrencies, they create a new possibility towards providing identity.
Blockchain
Storage of blocks: Transactions in blockchain are predicted as blocks and organized for a minimum period of time. These blocks are added to the chain, which contains the accounts of all transactions.
Decentralized Ledger: Blockchain is a decentralized ledger, which means it is copied by all nodes in a network and is verifiable and open to each other.
Networking is the story of connection in the digital world
Networking: Stories of Connections in the Digital World. In the age of modern technology, networking preparation is being used in a well-organized and professional manner. In the digital world, people are being connected and businesses are flourishing through connectivity technology. In this story, we'll see how networking can help people move in new, organized and urgent connections in the digital age. It envisions communities, businesses, and technology through connectivity technologies, facing a viable digital future.Today's discussion ends here. I hope you find it interesting and able to understand. Share your thoughts on today's topic. Wishes and blessings to all. Everyone stay well stay healthy stay with Steemit
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Good topic you have written on cryptocurrency and other identity system, love the manner in which you have explained this in a detailed manner, keep up with your quality content
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Cryptocurrency is really here to stay and it will definitely be changing a whole lot of things beyond what we can ever imagine of. This is just the beginning as there are greater height
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Dear brother @sadek1 thank you so much for sharing a so beautiful article. I am so enjoyed it.
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An excellent post presented on Cryptocurrencies and other Identity Systems. I learned a lot from your post. Thanks for sharing such a helpful post.
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