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Shariah-compliant cryptocurrencies are a growing component within Islamic finance. They offer Muslim investors blockchain assets aligned with Islamic law. These digital assets are designed to avoid conflicts with key Shariah principles. Those principles include riba (interest), gharar (excessive risk), and haram (forbidden) sectors like gambling. Halal crypto projects , as they’re more referred to, link conventional Islamic finance with decentralized technologies. This meets rising demand for ethical financial solutions. The overall Islamic financial system represents a market worth over $2 trillion globally . Shariah-compliant tokens prioritize transparency, asset backing, and real-world utility. These features align with Islamic finance values. Such values include shared risk/return and ethical business practices. Not all digital assets meet Shariah-compliant (Halal) standards . Specific requirements involve ethical criteria for the asset’s function and management. A project’s core utility should be productive or socially beneficial. Any direct links to prohibited industries, like interest-based lending or gambling, typically disqualify an asset. Tangible asset backing or clear real-world utility adds credibility. Projects tied to physical goods or services are often preferred over purely speculative tokens. Shariah advisory boards , more often including Islamic scholars, review and endorse these projects. This endorsement provides assurance for investors seeking compliant assets. Related: Nomura’s Laser Digital Secures Crypto License in Abu Dhabi Several innovative projects illustrate the possibilities within Shariah-compliant blockchain development. OneGram was among the first to gain recognition, utilizing a gold-backed model . Each OneGram token is supported by at least one gram of physical gold held in reserve, offering price stability and reducing purely speculative trading appeal. Another notable project is Islamic Coin (ISLM) , which is based on the Haqq blockchain platform. Through its integrated Evergreen DAO, a portion of every ISLM transaction automatically supports various beneficial and sustainable causes chosen by the community. This ecosystem’s design also prohibits the creation of financial products considered unethical under Shariah law, while aiming to support compliant innovation. FICE (Fasset Islamic Crypto Exchange) operates as a licensed exchange specifically based in Bahrain . Its operations are licensed by the country’s central bank and exclusively deal in Shariah-compliant virtual assets. The exchange applies filters based on religious and ethical norms to screen listed tokens, which allows Muslim investors to trade crypto assets with greater confidence in their compliance. Acceptance and development of Shariah-compliant digital asset services appear to be expanding, especially across Muslim-majority countries. Nations including Malaysia, Indonesia, the UAE, and Saudi Arabia are reportedly exploring or establishing legal and regulatory frameworks that may apply specifically to Halal digital assets . This governmental interest often aligns with increasing consumer demand for ethical investment products within these regions. Some exchanges have introduced Shariah screening tools or filters for their listed assets. Others have partnered directly with Islamic scholars or advisory firms to vet specific token offerings for compliance. Related: UAE DeFi Transactions Surge 74%: A Young Nation Embraces Decentralization Fintech startups globally are also building tools specifically tailored for Muslim users. From specialized digital wallets to trading platforms, developers focus on achieving accessibility, compliance, and transparency according to Shariah principles. These moves indicate Shariah-compliant crypto is moving beyond a small niche, representing a growing segment with significant global potential. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

What are Gold-Backed Stablecoins? These are digital assets designed to have their value tied to the price of gold.   The idea is to combine the stability of gold with the efficiency and accessibility of cryptocurrencies.   Each token typically represents a specific amount of physical gold, which is held in reserve by the issuing company Examples: Tether Gold (XAUT): This is one of the more well-known gold-backed stablecoins.   Each XAUT token represents one troy ounce of fine gold stored in vaults in Switzerland. Paxos Gold (PAXG): Similar to XAUT, PAXG is also designed to represent one troy ounce of London Good Delivery gold bar.   The gold is held in vaults, and Paxos is a regulated trust company.   Kinesis Gold (KAU): This crypto currency is backed by one gram of fine gold.   Kinesis emphasizes the ability to use KAU as a form of spendable money. Key Considerations: Verification of Reserves: It's crucial to ensure that the issuing company provides transparent and verifiable audits of their gold reserves. Regulation: The regulatory landscape for stablecoins, including gold-backed ones, is evolving, so it's important to be aware of the applicable regulations.   Security: As with any cryptocurrency, security is a concern. You should use reputable wallets and exchanges. Gold-backed stablecoins aim to offer a less volatile alternative to traditional cryptocurrencies, providing a digital way to own and trade gold note : One troy ounce = (approx.) 31.103 grams. disclaimer : don't agree with me do your investment at your own research and risk.

$TON The TON ecosystem is a decentralized and open internet platform that consists of several components, including the TON Blockchain, TON DNS, TON Storage, and TON Sites ¹. It aims to achieve widespread cross-chain interoperability while operating in a highly scalable and secure framework. Here are some key aspects of the TON ecosystem: - *TON Blockchain*: Designed as a distributed supercomputer or "superserver," it provides a variety of products and services to contribute to the development of the decentralized vision for the new internet ¹. - *TON Coin*: The native cryptocurrency of the TON network, formerly known as Gram, which utilizes the proof-of-stake (PoS) consensus model for network scalability and reliability ². - *Decentralized Applications (dApps)*: The TON ecosystem supports the development of dApps, including games, social media, and DeFi applications ³. - *Telegram Integration*: TON has a strong connection with Telegram, allowing users to access TON services and applications directly within the Telegram messaging app ³. - *Grants and Bounties*: The TON Foundation offers grants and bounties to support the development of the TON ecosystem, including funding for developers, projects, and initiatives ⁴. - *Community*: The TON ecosystem has a growing community of developers, users, and supporters, with various resources available for those interested in learning more or getting involved ¹.

The Telegram Open Network, or TON, ecosystem is a comprehensive blockchain platform and ecosystem developed by the popular messaging app Telegram. TON was created with the goal of providing a decentralized platform for delivering a wide range of services, including messaging, payments, decentralized applications (dApps), and more. Although the TON project faced significant regulatory challenges and ultimately did not launch as planned, its impact and potential within the blockchain industry are still worth exploring. One of the key features of the TON ecosystem is its integration of the Telegram Messenger platform with blockchain technology. This seamless integration allowed users to access decentralized services directly within the messaging app, such as making payments, hosting decentralized applications, and securely storing data. This innovative approach aimed to make blockchain technology more user-friendly and accessible to a mainstream audience. The TON ecosystem also included a native cryptocurrency called Gram, which was intended to serve as the primary means of value exchange within the platform. Gram tokens could be used for a variety of purposes, including making payments, participating in governance decisions, and accessing decentralized services and applications. The integration of a native cryptocurrency was designed to facilitate seamless and frictionless transactions within the TON ecosystem. Additionally, the TON ecosystem supported the development and deployment of decentralized applications (dApps) through its platform. Developers could build and launch dApps on the TON blockchain, taking advantage of its high scalability, speed, and security features. This decentralized application ecosystem aimed to foster innovation and drive the adoption of blockchain technology across various industries and use cases. Despite the ambitious vision and potential of the TON ecosystem, the project faced legal and regulatory challenges that ultimately led to its discontinuation. In 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Telegram, alleging that the sale of Gram tokens violated securities laws. As a result, Telegram decided to abandon the TON project and return the funds raised to investors. Although the TON ecosystem did not launch as planned, its impact and legacy within the blockchain industry are still felt today. The project showcased the potential for integrating messaging platforms with blockchain technology, paving the way for future innovations in decentralized services and applications. Additionally, the TON project highlighted the importance of regulatory compliance and the challenges of launching blockchain projects in a rapidly evolving regulatory landscape. In conclusion, while the Telegram Open Network project may have faced challenges and ultimately did not come to fruition, its vision and impact on the blockchain industry remain significant. The TON ecosystem demonstrated the potential for integrating messaging platforms with blockchain technology, providing a glimpse into the future of decentralized services and applications. As the blockchain industry continues to evolve, the lessons learned from the TON project will undoubtedly inform future projects and innovations in the space.

$TON $BTC What is TON Ecosystem? TON is a fully decentralized blockchain designed by Telegram to onboard billions of users. It boasts ultra-fast transactions, tiny fees, easy-to-use apps, and is environmentally friendly. TON is scalable and Its flexible architecture lets it grow and grow, with no loss of performance. Since 2020, the technology has been developing thanks to a non-commercial group of supporters and an independent community of enthusiasts who called themselves the TON Foundation. formerly known as Gram, is the native cryptocurrency of the TON network. The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions. utilizes the proof-of-stake consensus model for network scalability and reliability. According to the project website, the platform provides its customers with fast, transparent and secure payment services, facilitating transactions with minimal fees and third-party applications. TON has a multi-level structure built on the principle of sharding or segmentation ("blockchain within a blockchain"). A shard ING feature involves the use of multiple subnets (shards) on the same blockchain, where each shard has a specific purpose. It allows the net to avoid the accumulation of unverified blocks and speeds up tasks. The TON network consists of the master, work and shard chains.$BTC