What Is Cryptocurrency

The world is getting hyper about this thing called cryptocurrency. But, what exactly is this thing called cryptocurrency that everyone keeps talking about? Read on to find out.

Cryptocurrency is a kind of digital or virtual currency used for the purpose of transaction and exchange. It that can be validated through a process known as mining. In this article, you will know about the properties of cryptocurrency. To understand how this kind of currency works, you need to have a clear understanding of some essential terms which are mentioned below.

Public ledger

Transactions done in cryptocurrency are stored in public ledgers. The public ledger is used to make sure that the balance of the user is calculated correctly. It is also made sure that the identity of the user is kept confidential. Every new transaction is monitored to make certain that the user of the digital wallet spends the coins he/she owns.


Transaction in general means the movement of money between two e-wallets. The transactions are stored in public ledgers for confirmation. The transaction process takes several minutes.


Mining is the process of approving the transaction and transferring them to the public ledger. The mining procedure is considered to be a proof-of-work system. It adds value to cryptocurrency.


In cryptocurrency, coins are generated or mined by so-called miners. Miners are the people who operate and maintain the software and hardware that are used for dealing with the proof-of-work systems. The value of cryptocurrencies depends on the work of these people. At the same time, the demand and scarcity of these coins are what causes the fluctuation in the value of these digital coins.

Differences between cryptocurrency and other financial systems

There are certain factors that make this financial system different from other financial systems. Here are some of them.

#1. Adaptive scaling is one such factor that makes it possible for cryptocurrencies to work on different scales. One of the most popular cryptocurrencies where you find this system is Bitcoin. Bitcoin is a cryptocurrency which is designed to permit a single transaction in around 10 minutes. It uses a special encryption method which allows controlling the generation of coins and confirmation of transactions.

#2. One of the major differences between cryptocurrency and other financial systems is that other systems use physical objects whereas cryptocurrency is electronic.

#3. Another distinct characteristic of cryptocurrency and other financial systems is that cryptocurrency uses the proof-of-work system. When such a system is used, an exceptional puzzle is exploited to restrict the usage of cryptocurrency mining.

When you are dealing with cryptocurrencies, you need to stay updated with the latest news from the world of cryptocurrency. Coins calendar is an online source for information on crypto events, news, exchange listings, etc. When you stay updated with the latest updates from the world of cryptocurrency, you are sure to taste success in your journey as crypto enthusiasts.

We hope you found this article useful and informative. If you want to know more about cryptocurrency and keep yourself updated with cryptocurrency events, make sure to check out Coins calendar.

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Stocks, Bonds and Mutual Funds

When it comes to investments, mutual funds are one of the safest options to go with. If you are someone who likes to be enlightened with finance related information and investment options, you might have noticed that a lot of articles talk about mutual funds. However, in spite of all the information available, most people have limited knowledge about mutual funds. This article gives you a clear explanation of the various investment instruments like Stocks, Bonds, & Mutual Funds.

Before you begin understanding mutual funds, you must have some basic knowledge about stocks, bonds and other important terms. Below is a simplistic explanation of these important terms which will help you in having a better understanding of the whole concept of stocks, bonds and mutual funds.


Stocks are one of the most highly rewarding investment instruments. These give you the opportunity to hold shares in a company’s ownership. The companies which offer stocks are referred to as public companies as their ownership often comprises of public entities. Examples of these type of companies are Microsoft and IBM.


Bonds are a means of lending your money to the government for their personal uses for a period of time. This type of investment not just brings the principal investment back but you also receive an additional set of amount as interest. Though the interest rates for this type of investment is less, these are safer investment options.

Apart from these investment options, there are other options that can be considered. As mentioned above, one of the safest investment options today are mutual funds. These are very good options for those who do not have much idea about improving their investment portfolio.

Mutual Funds

One of the simplest definitions for mutual funds is that it is a pool of investments by a group of investors for achieving the desired goal. There is a fund manager who directs the fund. He makes the choices of deciding which specific stocks and bonds to invest in to get the maximum benefits. Mutual fund investors hold shares in the mutual fund itself rather than being individual shareholders of the different stocks. Take a look at the top mutual funds in India for a better clarity of the investment opportunities in India.

Owing to the fact that mutual funds are efficient investment options, they are preferred as the most reliable investment options today. With mutual funds, you minimize the risk of investment. Your funds are handled by experienced financial experts and thus it is one of the safest investment options. However, to be on the safe side, you have to do an analysis of the top mutual funds in India before handing over your hard earned money to these fund managers.

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HST Calculator

What is Harmonized Sales Tax?

Harmonized Sales Tax or HST was introduced in five provinces of Canada, namely, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario and Prince Edward Island. HST is a collaborated tax which has been formed by combining the federal Goods and Services Tax (GST) and the regional Provisional Sales Tax (PST). After a long debate, it finally came into implementation initially in the province of Ontario on July 1, 2010.  HST had divided much of the public into two, some who were strongly supporting and others who were disapproving of the new tax.

What are the benefits of Harmonized Sales Tax?

With the implementation of Harmonized Sales Tax, a lot of hidden taxes have been removed from the taxation system. This has lowered the cost of doing business in the HST influenced regions of Canada and resulted in increased savings for consumers. Lower business costs have also increased investment flow in the provinces and have become a major factor for increased employment and income.

Why do you need HST calculator?

Harmonized Sales Tax is the amount that has to be paid by the final customer. Because of the complexities of the HST rules, it may be overwhelming for small and medium-sized businesses to understand the process of HST calculation. To make things simpler and reduce the complexity in the process of calculation, there is this online tool known as HST Calculator. If you are a small business owner or a sole proprietor, this calculator is going to be very beneficial to you because this will save a lot of time and money that you could be wasting trying to figure out how much HST you have to pay to the government.

This is a very simple online tool which is used for calculating HST for the Canadian provinces where Harmonized Sales Tax is used. It is a great tool for anyone who finds it difficult to calculate the HST or those who do not want to spend much time in doing so. The calculator saves a lot of your time by making the process quite simple. Take a look at the instructions below to understand how to use it:

  1. Select the province you need to calculate HST for.
  2. Enter the value. This value could be the price including HST or price excluding HST. The other values (PST and GST) will be calculated instantly.

Isn’t that simple?

Take a look at some of the features of this calculator:

  1. Calculates HST for all Canadian provinces where Harmonized Sales Tax (HST) is implemented.
  2. Gives instant results.
  3. Can be used as a reverse calculator.
  4. Free for personal and commercial use.

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Goods and Services Tax (GST) in India

The  Government of India passed four sets of GST Acts in the budget session of 2017. These were the Central GST Act, 2017; the State GST Act, 2017; the Integrated GST Act, 2017 and the Union Territory GST Act, 2017. These Acts were introduced as a part of the Money Bill and were approved by the Parliament. This article will help you have a basic understanding of GST, its benefits and its effects on your day to day life.

What is GST?

GST has been one of the biggest tax reforms in India. It is one Indirect Tax that is levied on the supply of goods and services in the country. It is a single indirect tax for the whole country that has entailed other taxes like Central Excise, Service Tax Law, VAT, Entry Tax, Octroi and more.

It is aimed towards bringing together state economies of the whole country and improve the overall economic outlook of the country.

This indirect tax has been levied on manufacture, sale and consumption of goods and services at the national level. It has replaced all indirect taxes on goods and services by Central and State governments. This new tax regime has made it mandatory for every business person in India to obtain a GST Identification Number in every state they are registered. Besides having access to a knowledge base for GST, it is important to have a good GST calculator in India.

There are about 160 countries in the world that have GST in their taxation system. It has been implemented in India from July 1, 2017. It works on dual GST model in which both Centre and States levy tax on Goods and Services. Here are the formats of GST in India:

SGST – State GST

Under this GST format, the tax is collected by the State Government.

CGST – Central GST

Under this format, the tax is collected by the Central Government.

IGST – Integrated GST

Under this format, the tax is collected by the Central Government.

UTGST – Union territory GST

Under this format, the tax is collected by the Central  Government.

Introduction of GST in India

The implementation of GST in India is considered a significant step in the reform of indirect taxation in India. Integration of various Central and State taxes has diminished various issues like double taxation, cascading effects of taxes, classification of taxes, the multiplicity of taxes and a lot more. This has eventually paved the way for the formation of a common national market.

In the previous taxation system, VAT rates and regulations differed from state to state. With the coming of GST, these taxes have been merged into one uniform tax system across all Indian states. The taxes obtained here is shared between the Central and the State government. To make GST calculation simple and easy, you can use the “GST calculator in India”.

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5 Reasons to Use an SIP Investment Calculator

Mutual funds are one of the simplest and most widely used investment schemes today. The simple investment process makes it one of the best investment source. When planning for an investment in Mutual Funds, you might want to know the exact value of the invested capital. This is where tools like SIP investment calculator comes to your help.

The SIP or Systematic Investment Plan offers you the convenience of investing in the best investment strategy. It lets you invest small amounts on a regular basis over a period of time. This calculator helps in calculating the value of investments after a certain period of time. It helps you in taking a decision that can bring you the desired profits. This calculator provides various other benefits and here are some of them:

  1. It computes the exact amount of investment:

It helps in estimating the worth that will be generated at the time of maturity of an SIP mutual fund investment. The accuracy of this calculation can be easily approved since it passes through all important parameters for determining this value. The calculator is designed after examining parameters like Net Present Value, Internal Rate of Return and Inflation Rate. This makes it possible to generate the accurate values of the invested amount.

  1. It determines the monthly payable amount:

Deciding the amount to be invested to get the desired returns can be sometimes really difficult. Using this calculator you can easily figure out the exact sum of money that you need to put in to meet your financial goals.

  1. Ease of use:

This tool is very helpful for investors who do not have proper knowledge of finance-related terminologies. It can help them to make their financial plannings. The user-friendly interface of the tool makes it usable even for a layman. Filling up the required fields like monthly amount payable, tenure of investment and expected rate of return immediately generates the estimated worth of invested amount.

  1. It is suitable for any type of investment:

This calculator can be used for online as well as offline mutual fund investments. This can help the investor in taking a decision according to his/her evaluation and strategy.

  1. It speeds up the planning process:

Using this calculator you can calculate the definite results of investment. This makes the planning process more effective. You won’t have to spend your time on research and analysis. You can very easily calculate your returns and make comparisons before taking your decision.


The SIP investment calculator can really guide you in taking the correct decision for your SIP investment and help you in the process of investment planning for your future. The benefits from SIP investments are immense and the calculator just makes it easier to measure them. Using this calculator you can create an effective plan for your future investments that can help you achieve all your financial goals.

We hope you found this post useful and informative. If you have any queries or suggestions related to this post, please drop your comments in the comment section below.  We would be glad to help you out. To show your support, share this post with your friends on Social media and elsewhere.

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