Crypto Q&A

Coinbase's Base, an L2 blockchain solution, scales Ethereum and reduces transaction costs by utilizing rollup technology for more efficient transaction processing. It maintains compatibility with Ethereum's infrastructure and notably uses Ethereum (ETH) for gas fees, choosing not to have its own native token.

XCN (Onyxcoin) is Onyx Protocol's native cryptocurrency, serving as its economic engine. It functions as both a utility token for payments and a governance asset, enabling community decisions and access to ecosystem services. XCN powers the Onyx Ledger, an L3 blockchain built on Ethereum and Base, as its native gas token, enhancing scalability for decentralized financial services.

Virtual currency is a digital representation of value, lacking physical form and stored electronically. Typically unregulated, it is not issued or guaranteed by a central bank or public authority. Instead, virtual currency is accepted as a means of exchange within specific virtual communities or by certain individuals and entities.

Ultron Coin (ULX) is the native utility coin of the Ultron Blockchain, a Layer 1 solution. Designed for high throughput, fast transaction speeds, and low transaction costs, ULX functions to secure the network through staking, facilitate network fees, and power its ecosystem of native decentralized applications (dApps).

Post-2022, India taxes crypto gains at a flat 30% under Section 115BBH, allowing no deductions except acquisition cost. Additionally, a 1% TDS is applicable on Virtual Digital Asset sale consideration for transactions exceeding specified thresholds, as per Section 194S. This tax framework was introduced in the Union Budget 2022.

Switch enables global crypto-fiat payments through its blockchain-based financial services ecosystem. This ecosystem provides payment solutions for both traditional fiat currencies and cryptocurrencies worldwide, supported by a decentralized network of nodes. The associated SWITCH token functions as an ERC-20 token and is also available as a Web3 coin on the Solana blockchain.

SUN powers TRON's DeFi ecosystem by advancing decentralized finance within the TRON blockchain. Serving as a governance and utility token on the SUN.io platform, it supports the TRON protocol. SUN integrates features such as token swaps, yield farming, and stablecoin swaps, thereby contributing to TRON's aim of establishing a decentralized internet environment.

Social trading empowers new investors by enabling them to observe and replicate experienced traders' strategies and market moves via online platforms. This approach facilitates sharing insights and performance data, and sometimes allows automatic trade copying. Consequently, less experienced traders can learn from and potentially benefit from the expertise of seasoned market participants.

A trading Point of Interest (POI) is a specific price level or zone on a chart where traders anticipate a significant market reaction. These points often represent areas of high trading activity or expected changes in price direction. POIs can include technical indicators such as support and resistance levels, order blocks, or fair value gaps.

Project PAI secures user-mimicking 3D AI forms, called Personal Artificial Intelligence (PAI), by authenticating and securing them on the blockchain. These intelligent avatars replicate users' appearance, voice, and behavior. PAI Coin, the cryptocurrency for this open-source initiative, launched its mainnet on February 23, 2018.

Nexa is a 2022 proof-of-work, UTXO Layer-1 blockchain by Bitcoin Unlimited, designed for global peer-to-peer usage. It achieves scalability through hardware optimization and technologies like Graphene and Xthinner, addressing transaction bottlenecks. This network also supports native tokens and smart contracts.

Gecko Coin (GECKO), a meme token native to the Solana blockchain, emerged from Web3 enthusiasts. Classified as a micro-cap asset with a circulating supply of 98 billion GECKO, its creation was inspired by the Solana community's resilience and the playful spirit of gecko memes.

Ethereum's decentralized architecture relies on a distributed ledger, the blockchain, enabling trustless interactions and computation. This framework supports self-executing smart contracts processed by the Ethereum Virtual Machine (EVM). Its design incorporates distinct layers—execution, consensus, and data availability—which collectively contribute to its overall functionality.

The Exponential Moving Average (EMA) is more responsive than the Simple Moving Average (SMA) in technical analysis because it assigns greater weight to more recent price data points. This key characteristic allows the EMA to react quicker to current price changes, potentially identifying emerging trends in financial markets faster than SMA.

Dogelon Mars (ELON) is a dog-themed meme coin launched in 2021 on Ethereum and Polygon. Named after Dogecoin and Elon Musk, it alludes to Mars colonization and functions as a medium of exchange. Vitalik Buterin received 50% of its initial supply, which he subsequently donated to the Methuselah Foundation.

CoinTool enables no-code blockchain development by providing tools for users to create fungible and non-fungible tokens (NFTs) and smart contracts. Users can deploy these digital assets across multiple blockchains, including Ethereum, Fuse, and Polygon, often without requiring coding expertise.

Bonk, a dog-themed memecoin launched on Solana in December 2022, aims to revitalize the ecosystem post-FTX. It fosters development with weekly trading competitions and plans a 1 trillion token burn upon reaching one million holders. Significant token burns in late 2024 contributed to market rallies. Bonk has also expanded utility through integrations across various web3 applications and protocols.

Technical indicators are mathematical tools analyzing historical crypto market data to understand conditions and anticipate price movements. Traders use combinations like Moving Averages, RSI, and Bollinger Bands to gain insights into momentum, volatility, and trend strength. This multi-faceted approach provides a comprehensive view for informed decision-making in crypto trading.

There are at least two distinct ATC Coin projects. One, often called ATCC, is an Ethereum-based decentralized payment solution for global commerce. The other, Atlantis Coin (ATC), launched in May 2021, migrated to the BNB Chain, and serves as a "green" cryptocurrency for metaverse applications and MetaPay's native token.

Sia decentralizes cloud storage by enabling users to rent out unused hard drive space, distributing encrypted data across many nodes. Siacoin (SC), its native utility token, facilitates this by being used for transactions like paying for these storage services, ensuring a secure and private alternative.