We have seen in recent years that China is against cryptocurrency, and not only this, but China has taken strong steps against it. Let me talk about 2021, so during this year, this country banned all crypto assets, and this is not enough, but mining was declared illegal too. We all know that China is not a small country, and when it comes to economy and technology, it is valuable, which is why it has impacted the crypto market globally. Now, here we are going to understand and break down the stance of China country regarding the crypto field. Let's understand the reasons behind this stance of China.

Cryptocurrency is something that is very valuable for now, and the government also understands that we can't stop this technology, and they are always interested in regulating it. Regulators around the world know that lots of altcoins, bitcoin, and Ethereum are attracting people, so they are trying to balance innovation and financial stability.

This world is globalized, so international payments are becoming a necessity in daily life for millions of people. From India, lots of people are working outside and they are sending money to their families in India. When it comes to the traditional way then this process is costly and has issues like slow transactions, high fees, and other factors too. The greatest solution for cross-border payment is crypto.

Identity is everything in both the real world and the digital world. Even if you are opening a bank account or signing up for social media, you need an identity. You have to prove who you are. But, you know, identity is a sensitive thing, so if you are giving control to others to manage your identity through a centralized platform, then you are doing the wrong thing. Third parties should not be involved in things like identity. Identity theft and data theft are issues that we have seen many times. But wait, there is a great alternative which is powered by blockchain, and it is a decentralized identity.

Faiz is here, and sorry for the late posting because I was not here. As you know, we have known Ethereum as a defi apps platform, but now it has a protocol for NFTs too. Ethereum is the most popular platform, but along with this, problem is connected with it too because of the high gas fees, and this is a big issue, even though I am not using Ethereum for its high gas fees, and most users give this excuse as to why they are not using Ethereum. Because of this issue, layer-1 was struggling, so the solution is layer-2, which does not harm the core aim and value of Ethereum. Ethereum's main focus is security adn decentralization too.

Hey there, along with the Artificial Intelligence technology, the blockchain technology is also evolving and growing faster, and blockchain technology is most important here because multiple technologies are connected, such as decentralized apps (often called dapps), decentralized finance (Defi), NFTs that full form is non-fungible token, and more. In this blockchain ecosystem, there is another great technology that solves a big problem, and that is cross-chain technology. There are many blockchains here in the crypto world, and cross-chain technology connects them to exchange value and share data. Basically, crosschain technology is all about talking with each other og blockchains.