-
Bitcoin $82,637.2454
-2.03% - Ethereum
$1,889.9526
-2.49% - Tether USDt
$1.0000
-0.01% - XRP
$2.2995
-3.74% - BNB
$602.4853
-2.74% - Solana
$126.3362
-7.03% - USDC
$1.0000
0.01% - Dogecoin
$0.1685
-4.23% - Cardano
$0.7057
-5.53% - TRON
$0.2125
-4.11% - Pi
$1.4175
-2.64% - UNUS SED LEO
$9.8296
0.19% - Chainlink
$13.3702
-4.65% - Toncoin
$3.4436
-3.93% - Stellar
$0.2629
-4.16% - Hedera
$0.1852
-3.85% - Shiba Inu
$0.0...01314
2.47% - Avalanche
$18.2642
-5.69% - Sui
$2.2325
-5.01% - Litecoin
$90.3407
-2.17% - Polkadot
$4.3177
-0.73% - MANTRA
$6.7567
2.01% - Bitcoin Cash
$334.0353
-2.43% - Ethena USDe
$0.9997
0.00% - Dai
$1.0001
0.01% - Bitget Token
$4.3706
-2.25% - Hyperliquid
$12.9689
-9.73% - Monero
$209.6067
-1.71% - Uniswap
$6.1443
-2.04% - Aptos
$5.1531
-3.43%
A complete guide to basic knowledge in the cryptocurrency circle (must read for beginners)
Sentence: Cryptocurrencies, such as Bitcoin, Ethereum, and Solana, provide secure and decentralized financial transactions through cryptography.
Oct 21, 2024 at 03:59 pm
A Comprehensive Guide to Cryptocurrency Basics: A Must-Read for Beginners
1. What is Cryptocurrency?
- A digital or virtual currency that uses cryptography for secure transactions and decentralized control.
2. Types of Cryptocurrencies:
- Bitcoin (BTC): Decentralized and limited in supply.
- Ethereum (ETH): Platform for decentralized applications and smart contracts.
- Solana (SOL): Fast and scalable blockchain network.
- Cardano (ADA): Proof-of-stake blockchain offering low transaction fees.
- Binance Coin (BNB): Native token of the Binance exchange.
3. Cryptocurrency Market:
- Decentralized marketplace where cryptocurrencies are bought and sold.
- Highly volatile, with prices fluctuating significantly.
4. Cryptocurrency Exchange:
- Platform where users buy, sell, and trade cryptocurrencies.
- Top exchanges include OKX, Binance, Coinbase, and Kraken.
5. Cryptocurrency Wallet:
- Software or hardware device that stores private keys and allows users to manage cryptocurrencies.
- Hot wallets (connected to the internet) vs. cold wallets (offline storage).
6. Cryptocurrency Mining:
- Process of validating and adding cryptocurrency transactions to the blockchain.
- Involves solving complex mathematical problems using specialized computers.
7. Proof-of-Work vs. Proof-of-Stake:
- Consensus mechanisms used to secure blockchain networks.
- Proof-of-Work: Miners solve puzzles to validate transactions.
- Proof-of-Stake: Holders stake their cryptocurrency to validate transactions, consuming less energy.
8. Decentralization:
- Key aspect of cryptocurrencies, meaning they are not controlled by a central authority.
9. Transaction Fees:
- Costs associated with sending and receiving cryptocurrencies.
- Fees vary depending on the network and transaction volume.
10. Investment Considerations:
- High-risk investment with potential for significant gains and losses.
- Diversify portfolio and invest only what you can afford to lose.
11. Security:
- Store cryptocurrencies securely in reputable wallets and use strong passwords.
- Be aware of phishing scams and suspicious emails.
12. Regulations:
- Cryptocurrencies are subject to varying regulations by different countries.
- Check local regulations before investing or using cryptocurrencies.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- The dog found dead with actor Gene Hackman and his wife, Betsy Arawaka
- 2025-03-17 07:25:56
- Can XRP Price Hit $7? The Truth About Ripple That No One Is Talking About!
- 2025-03-17 06:50:56
- Sleep Token are set for a huge 2025. Download Festival headliners and a brand new album are on the horizon. World domination beckons.
- 2025-03-17 06:45:56
- New crypto presale Meme Index ($MEMEX), has already raised an impressive $4 million
- 2025-03-17 06:45:56
- The Cryptocurrency Market is Heating Up, with Qubetics (TICS), Cosmos (ATOM), Ripple (XRP), and Celestia (TIA) Emerging as Top Picks
- 2025-03-17 06:30:56
- Amidst the Rapid Expansion of the Global Web3 Ecosystem, WebKey Achieves Another Milestone!
- 2025-03-17 06:30:56
Related knowledge
Does the Lightning Network support multi-signature wallets?
Mar 15,2025 at 10:06pm
Key Points:The Lightning Network itself doesn't directly support multi-signature wallets in the way that, say, a standard Bitcoin wallet does.Integration with multi-signature wallets is possible through clever routing and channel management techniques, but it's not a native feature.The complexity and security considerations involved in combining Lightni...
What is "onion routing" in the Lightning Network?
Mar 16,2025 at 04:35pm
Key Points:Onion routing, a core principle of anonymity networks like Tor, is adapted for use within the Lightning Network (LN) to enhance privacy.LN's onion routing differs from Tor's in its focus on payment routing rather than general internet access.LN's onion routing uses cryptographic techniques to obscure the payment path and participants.While en...
Does the Lightning Network support smart contracts?
Mar 16,2025 at 03:36am
Key Points:The Lightning Network itself does not directly support Turing-complete smart contracts like Ethereum. It's designed for fast, low-fee transactions, not complex programmable logic.However, there are ongoing projects exploring ways to integrate smart contract functionality onto or alongside the Lightning Network.These approaches involve using s...
Does Lightning Network rely on Bitcoin main chain?
Mar 17,2025 at 07:40am
Key Points:The Lightning Network (LN) is a layer-2 scaling solution for Bitcoin, meaning it operates on top of the Bitcoin blockchain.While LN transactions are settled on the Bitcoin blockchain, it significantly reduces the load on the main chain.LN utilizes smart contracts to enable near-instantaneous and low-fee transactions.LN does not replace the Bi...
What is "node" in Lightning Network?
Mar 15,2025 at 11:05pm
Key Points:A Lightning Network node is a computer running software that participates in the Lightning Network.Nodes act as intermediaries, routing payments between users.Running a node requires technical expertise and commitment.Node operators earn fees for routing payments.Different types of nodes exist, each with varying functionalities and responsibi...
How does Lightning Network prevent double spending problems?
Mar 16,2025 at 07:40am
Key Points:The Lightning Network (LN) mitigates, but doesn't entirely eliminate, the risk of double spending by relying on the security of the Bitcoin blockchain.LN transactions are off-chain, meaning they don't directly involve Bitcoin blockchain confirmations until settlement.Smart contracts and cryptographic techniques within LN channels prevent doub...
Does the Lightning Network support multi-signature wallets?
Mar 15,2025 at 10:06pm
Key Points:The Lightning Network itself doesn't directly support multi-signature wallets in the way that, say, a standard Bitcoin wallet does.Integration with multi-signature wallets is possible through clever routing and channel management techniques, but it's not a native feature.The complexity and security considerations involved in combining Lightni...
What is "onion routing" in the Lightning Network?
Mar 16,2025 at 04:35pm
Key Points:Onion routing, a core principle of anonymity networks like Tor, is adapted for use within the Lightning Network (LN) to enhance privacy.LN's onion routing differs from Tor's in its focus on payment routing rather than general internet access.LN's onion routing uses cryptographic techniques to obscure the payment path and participants.While en...
Does the Lightning Network support smart contracts?
Mar 16,2025 at 03:36am
Key Points:The Lightning Network itself does not directly support Turing-complete smart contracts like Ethereum. It's designed for fast, low-fee transactions, not complex programmable logic.However, there are ongoing projects exploring ways to integrate smart contract functionality onto or alongside the Lightning Network.These approaches involve using s...
Does Lightning Network rely on Bitcoin main chain?
Mar 17,2025 at 07:40am
Key Points:The Lightning Network (LN) is a layer-2 scaling solution for Bitcoin, meaning it operates on top of the Bitcoin blockchain.While LN transactions are settled on the Bitcoin blockchain, it significantly reduces the load on the main chain.LN utilizes smart contracts to enable near-instantaneous and low-fee transactions.LN does not replace the Bi...
What is "node" in Lightning Network?
Mar 15,2025 at 11:05pm
Key Points:A Lightning Network node is a computer running software that participates in the Lightning Network.Nodes act as intermediaries, routing payments between users.Running a node requires technical expertise and commitment.Node operators earn fees for routing payments.Different types of nodes exist, each with varying functionalities and responsibi...
How does Lightning Network prevent double spending problems?
Mar 16,2025 at 07:40am
Key Points:The Lightning Network (LN) mitigates, but doesn't entirely eliminate, the risk of double spending by relying on the security of the Bitcoin blockchain.LN transactions are off-chain, meaning they don't directly involve Bitcoin blockchain confirmations until settlement.Smart contracts and cryptographic techniques within LN channels prevent doub...
See all articles
