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Cryptocurrency is virtual money, which, unlike fiat money, has no physical expression. The unit of such currency is “coin”. What does cryptocurrency mean? From the English "cryptocurrency" stands for "crypto - crypto" - a word that means "something secret, hidden, mysterious" and "currency - currency" ...

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

The value of a cryptocurrency is the ratio of supply and demand. For example, traditional fiat currencies are only backed by the government that issued them. Digital money, like Bitcoin (BTC), is not supported by anyone, it is not tied to physical reserves (gold), and therefore can change value due to various factors. Cryptocurrencies have value due to mining, a process in which transaction verification is implemented. Mining requires work, electricity, investment of money…

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

More than 8000 digital coins have already been created in the world, which by itself formed a system of their classification. Each cryptocurrency is developed with a specific idea and tailored to perform specific functions. All existing digital coins can be divided into several groups…

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

Bitcoin rate changes every second. Volatility is the main and most dangerous property of bitcoin. To track the bitcoin rate right now on an online chart, open the article ...

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

Because bitcoin, like other cryptocurrencies, has a high volatility. This explains the high jumps and sharp drops in bitcoin. There are also some factors that are leading to a decline in the price of bitcoin: rate hikes, the historical pace of monetary tightening to combat high inflation, the strengthening of the US dollar against other world currencies and worsening global growth forecasts. About all the factors and causes of occurrence, as well as about the actions that are best taken when bitcoin falls...

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

Since the advent of cryptocurrency, many users have wondered how to earn 1 Bitcoin. If earlier the form of earnings was available for beginners, now the extraction of coins has become more complicated. To make a decent profit, high-tech equipment and special knowledge are required ...

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

Many people are interested in the question: “How to mine?”. Users direct the computing power of the equipment to generate a new block in the Blockchain chain, thereby maintaining the performance of the decentralized network. For finding a block, the miner receives a reward - a digital coin or Satoshi (part of bitcoin) ...

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

Bitcoin is often referred to as the first generation blockchain. The smart contract language in bitcoin is extremely simplistic in its capabilities, and it is not well suited for applications that take into account information beyond transactions. Ether is the second cryptocurrency in the world in terms of capitalization, belonging to the second generation of blockchains and having much more opportunities. Ethereum gives developers much more freedom to experiment with their own code in order to create decentralized applications…

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

The transition from PoS to PoW is expected to take place in August 2022. Pros of the Etherium PoS algorithm: environmentally friendly compared to proof of work; higher scalability; system protocols will have better economics.

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

An altcoin is any cryptocurrency that came after bitcoin. Its name comes from a combination of two English words alternative and coin. That is an alternative coin. According to Coinmarketcap.com, a website that tracks prices for cryptocurrencies, there are more than 10,000…

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

Altcoin is an alternative to the popular Bitcoin. The most interesting and promising altcoins in 20222: Ethereum (ETH), Bitcoin Cash, Bitcoin Coin (BNB), Monero (XMR), Litecoin (LTC). Thanks to alts, the market has acquired a variety of projects worthy of the attention of investors. A competitive environment is the key to development. It is possible that in the near future we will be able to observe the progressive development of a new generation ...

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

What is alt-season? This is the period of time during which the growth rate of the altcoin quote is ahead of the bitcoin index. Since any other coins in relation to the first cryptocurrency are altcoins, the phenomenon received an appropriate name. How to make money on altseason…

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

NFT token (non-fungible token) — a unique digital certificate stored on the blockchain that guarantees the originality of the item and grants exclusive rights to it. Non-fungible tokens cannot be imperceptibly replaced, divided, replaced. The system is suitable for securing rights to a unique object - a work of art, real estate, an artifact in a computer game.

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

NFTs can only be purchased using the cryptocurrency of the network they are built on. The most popular network for this purpose is Ethereum, but due to lower gas fees (fees) on other networks like Polygon and Solana, more and more people are switching from Ethereum to these cheaper alternatives…

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

NFT technology could exacerbate the existing problems of the art industry, which has long been called the "perfect money laundering ground": the huge turnover and traditional way of the art trade industry make it attractive to criminals who want to legalize illegal income. Regulation in this area is getting tougher, so launderers are looking for new tools to implement their schemes. One of these tools can be NFTs…

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

Crypto trading or crypto trading is speculation on the price movements of digital currencies. This type of trading includes the exchange of one cryptocurrency for another, the purchase and sale of coins, as well as the exchange of fiat money for cryptocurrency. Crypto trading usually revolves around buying/selling assets rather than owning any of the real coins. You exchange one cryptocurrency for another in the hope of selling the asset at a better price…

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

When choosing a crypto exchange, you need to make sure that developers do not neglect security. Sometimes the terms of trade seem very favorable, but this is due to the fact that the management decided to save on protection methods. Low commissions are good, but they will not help if the exchange is hacked and the funds are lost. It is important to follow the news. If you come across information about a major hacker attack or there are comments about problems with transactions, you should try to withdraw funds from the exchange as soon as possible.

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

First, you need to decide on your goals and strategy. After setting goals, you can move on to choosing a strategy. The main ones are investing and trading. The first involves the acquisition of an asset and long-term storage. The second is short-term speculation. A trader makes many transactions with digital assets, trying to profit in a short period of time…

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

The word 'mining' has been around for a long time and literally means mining. Now this term is applicable to miners of digital assets. A miner is a person who mines coins, i.e. performs cryptocurrency mining. Mining is the extraction of coins. It is impossible to say exactly when this method of earning appeared, there is also no reliable information about who invented it and how. There is a version that the main development of cryptocurrencies was in 2008 and the main role in this was played by the Japanese Satoshi Nakamoto…

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

Cryptocurrency mining is a particularly unregulated area. Despite the fact that some regulations appear and draft laws are being developed, a taxation system is being introduced and the status of the CFA is fixed at the legislative level, many questions still remain open. There are no clear provisions in existing laws regarding this activity. However, crypto enthusiasts are wondering what awaits this industry from a legal point of view…

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

The choice of hardware for mining is extremely important. If you buy cards, key indicators are: reliability; level of energy consumption; good cooling; manufacturer (experts advise buying Nvidia and AMD). In addition to the video card, you need: a power supply, a motherboard with several slots, at least 4 GB of RAM, adapters, a frame for installing equipment. If you don’t want to bother with the farm, buy ready-made ASICs. If your choice is to participate in a cloud project, all these purchases are not needed. You will have to spend only on hashrate - the power rented.

Source: Journal about blockchain and cryptocurrencies blockchain24.pro

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