Gud Story
No Result
View All Result
  • Home
  • Entertainment
    • All
    • Anime
    • Biography
    • History
    • Quotes
    • TV & Movies
    Is Deion Sanders and Tracey Edmonds Still Together?

    Is Deion Sanders and Tracey Edmonds Still Together? Find Out Their Current Status

    Does Liam Payne Have a Kid?

    Does Liam Payne Have a Kid? Find Out More

    Billy Corgan: Music, Marriage, and Milestones

    Billy Corgan: Music, Marriage, and Milestones

    What Happened to Harley and Katya?

    What Happened to Harley and Katya? Let’s Find Out

    Avril Lavigne Illness

    Avril Lavigne Illness: What Disease Does Avril Lavigne Have?

    Milo Hrnic Passed Away: What Happened To Legendary Croatian Singer?

    Milo Hrnic Passed Away: What Happened To Legendary Croatian Singer?

    Trending Tags

    • Net Worth
      • All
      • Athletes
      • Business
      • Celebrity
      • Directors
      • Journalist
      • Politics
      Kyla Pratt Net Worth 2023

      Kyla Pratt Net Worth 2023

      YBN Nahmir Net Worth 2023

      YBN Nahmir Net Worth 2023

      Julian Arahanga Net Worth 2023

      Julian Arahanga Net Worth 2023

      Big Tray Deee Net Worth 2023

      Big Tray Deee Net Worth 2023

      Luke Grimes Net Worth 2023

      Luke Grimes Net Worth 2023

      Billy Miller Net Worth 2023

      Billy Miller Net Worth 2023

      Trending Tags

      • Lifestyle
        • All
        • Beauty
        • Culture
        • Drink
        • Fashion
        • Food
        • Hair Care
        • Health
        • Jewellery
        • Make up
        • Parenting
        • Shopping
        • Skin Care
        • Travel
        Wedge Shoes for Women

        8 Essential Advantages of Wearing Wedge Shoes for Women

        The Rise of Red Bras for Girls, Tweens, and Teens

        The Rise of Red Bras for Girls, Tweens, and Teens

        Vacation rentals

        3 Ways Vacation Rentals Can Help You Embrace Sustainable Travel

        Cushion Covers for Every Season

        Cushion Covers for Every Season: A Guide

        The Power of Face Cleansers

        Unlocking Radiant Skin: The Power of Face Cleansers

        Everything You Need to Know About School Security as a Parent

        Everything You Need to Know About School Security as a Parent

        Trending Tags

        • Sports
          • All
          • Cricket
          • Football
          • Formula 1
          • MLB
          • NBA
          • NFL
          • NHL
          • Tennis
          • UFC
          • WWE
          Deion Sanders Foot Surgery: What Happened to Deion Sanders Foot?

          Deion Sanders Foot Surgery: What Happened to Deion Sanders Foot?

          The Ben Simmons Issue

          The Ben Simmons Issue – Will He Play More than 50 Games This Year?

          Kam Kinchens Injury Update

          Is Kam Kinchens Injured? Kam Kinchens Injury Update

          Michael Conforto Net Worth

          Michael Conforto Net Worth: How Much is He Earning Now?

          What Happened to Drake London?

          What Happened to Drake London? Drake London Update

          When Does The NBA Season Start?

          When Does The NBA Season Start?

          Trending Tags

          • Tech
            • All
            • Apps
            • Blockchain
            • Digital Marketing
            • Gadgets
            • How To
            • Mobile
            • NFT
            • PC & Mobile
            • Science
            • Solar Energy
            • Work Life
            How to Authenticate Video Evidence

            How to Authenticate Video Evidence: The Easiest Way You Should Know

            The Ultimate Guide to Ecommerce SEO

            Cracking the Code: The Ultimate Guide to Ecommerce SEO

            Translate Video to English - A Comprehensive Guide

            Translate Video to English – A Comprehensive Guide

            Perimeter Surveillance

            Perimeter Surveillance: Definitions, Examples and Ethical Considerations

            Alternatives to Savefrom

            Top 5 Alternatives to Savefrom for Every Use (2023)

            How Automation is Shaping the World of Technology

            How Automation is Shaping the World of Technology

            Trending Tags

            • Gaming
              • All
              • Apex Legends
              • Call of Duty
              • CS:GO
              • Esports
              • FIFA
              • Fortnite
              • Genshin Impact
              • GTA
              • Guides & Tips
              • League of Legends
              • Overwatch
              • Pokemon
              • Valorant
              DAZN Bet

              The Transformation of DAZN Bet: From Streaming Giant to Betting Innovator

              PlayStation's Cloud Gaming Platform

              What We Know About The Public Beta Test of PlayStation’s Cloud Gaming Platform

              New Features Coming with Counter-Strike 2

              New Features Coming with Counter-Strike 2

              Playing and Winning with Crypto

              Your Step-by-Step Guide to Playing and Winning with Crypto!

              Fort Solis

              Even if Fort Solis has a Well-Known Face from The Last of Us FranchiseThe Critics are Unimpressed

              Gamescom 2023

              Early Gamescom 2023 Impressions Show That Starfield will Surpass Expectations and Be A Masterpiece

              Trending Tags

              • Decor
                • All
                • Design Ideas
                • Events
                • Furniture
                • Gardening
                • Home Repair
                • Housekeeping
                • HVAC Control System
                • Kitchen
                • Painting
                • Pest Control
                • Plumbing
                How Long Do Air Conditioners Usually Last?

                How Long Do Air Conditioners Usually Last?

                themed wedding reception

                Choosing The Best Theme For Your Wedding Reception

                The Best Cleaning Techniques for Proper Carpet Care 

                The Best Cleaning Techniques for Proper Carpet Care 

                Advantages of Aluminium Doors

                Advantages of Aluminium Doors

                Exploring Alternative Lawn Options for Modern, Eco-Friendly Yards

                Exploring Alternative Lawn Options for Modern, Eco-Friendly Yards

                How to Choose the Perfect Metal Address Sign for Your Home

                How to Choose the Perfect Metal Address Sign for Your Home

                Trending Tags

                • Business
                  • All
                  • Automotive
                  • Crypto
                  • Education
                  • Entrepreneurs
                  • Finance
                  • Healthcare
                  • Industries
                  • Insurance
                  • Investment
                  • Legal
                  • Retail
                  • Share Market
                  • Startup
                  Way Facility Managers Can Improve Efficiency

                  Facilities Management Best Practices: Way Facility Managers Can Improve Efficiency

                  Decoding the Tax Refund Puzzle: Making the Most of a Tax Refund Calculator

                  Decoding the Tax Refund Puzzle: Making the Most of a Tax Refund Calculator

                  Economic vs. Non-Economic Damages

                  Economic vs. Non-Economic Damages: A Long Island Perspective

                  Margin Calculators to Optimize Trades

                  Tailoring Your Trading Strategy: Using Margin Calculators to Optimize Trades

                  Is Burger King Shutting Down?

                  Is Burger King Shutting Down? What is Happening to Our Favourite Brand?

                  AI and Machine Learning in FinTech

                  AI and Machine Learning in FinTech: Smart Finance for All

                  Trending Tags

                  • Home
                  • Entertainment
                    • All
                    • Anime
                    • Biography
                    • History
                    • Quotes
                    • TV & Movies
                    Is Deion Sanders and Tracey Edmonds Still Together?

                    Is Deion Sanders and Tracey Edmonds Still Together? Find Out Their Current Status

                    Does Liam Payne Have a Kid?

                    Does Liam Payne Have a Kid? Find Out More

                    Billy Corgan: Music, Marriage, and Milestones

                    Billy Corgan: Music, Marriage, and Milestones

                    What Happened to Harley and Katya?

                    What Happened to Harley and Katya? Let’s Find Out

                    Avril Lavigne Illness

                    Avril Lavigne Illness: What Disease Does Avril Lavigne Have?

                    Milo Hrnic Passed Away: What Happened To Legendary Croatian Singer?

                    Milo Hrnic Passed Away: What Happened To Legendary Croatian Singer?

                    Trending Tags

                    • Net Worth
                      • All
                      • Athletes
                      • Business
                      • Celebrity
                      • Directors
                      • Journalist
                      • Politics
                      Kyla Pratt Net Worth 2023

                      Kyla Pratt Net Worth 2023

                      YBN Nahmir Net Worth 2023

                      YBN Nahmir Net Worth 2023

                      Julian Arahanga Net Worth 2023

                      Julian Arahanga Net Worth 2023

                      Big Tray Deee Net Worth 2023

                      Big Tray Deee Net Worth 2023

                      Luke Grimes Net Worth 2023

                      Luke Grimes Net Worth 2023

                      Billy Miller Net Worth 2023

                      Billy Miller Net Worth 2023

                      Trending Tags

                      • Lifestyle
                        • All
                        • Beauty
                        • Culture
                        • Drink
                        • Fashion
                        • Food
                        • Hair Care
                        • Health
                        • Jewellery
                        • Make up
                        • Parenting
                        • Shopping
                        • Skin Care
                        • Travel
                        Wedge Shoes for Women

                        8 Essential Advantages of Wearing Wedge Shoes for Women

                        The Rise of Red Bras for Girls, Tweens, and Teens

                        The Rise of Red Bras for Girls, Tweens, and Teens

                        Vacation rentals

                        3 Ways Vacation Rentals Can Help You Embrace Sustainable Travel

                        Cushion Covers for Every Season

                        Cushion Covers for Every Season: A Guide

                        The Power of Face Cleansers

                        Unlocking Radiant Skin: The Power of Face Cleansers

                        Everything You Need to Know About School Security as a Parent

                        Everything You Need to Know About School Security as a Parent

                        Trending Tags

                        • Sports
                          • All
                          • Cricket
                          • Football
                          • Formula 1
                          • MLB
                          • NBA
                          • NFL
                          • NHL
                          • Tennis
                          • UFC
                          • WWE
                          Deion Sanders Foot Surgery: What Happened to Deion Sanders Foot?

                          Deion Sanders Foot Surgery: What Happened to Deion Sanders Foot?

                          The Ben Simmons Issue

                          The Ben Simmons Issue – Will He Play More than 50 Games This Year?

                          Kam Kinchens Injury Update

                          Is Kam Kinchens Injured? Kam Kinchens Injury Update

                          Michael Conforto Net Worth

                          Michael Conforto Net Worth: How Much is He Earning Now?

                          What Happened to Drake London?

                          What Happened to Drake London? Drake London Update

                          When Does The NBA Season Start?

                          When Does The NBA Season Start?

                          Trending Tags

                          • Tech
                            • All
                            • Apps
                            • Blockchain
                            • Digital Marketing
                            • Gadgets
                            • How To
                            • Mobile
                            • NFT
                            • PC & Mobile
                            • Science
                            • Solar Energy
                            • Work Life
                            How to Authenticate Video Evidence

                            How to Authenticate Video Evidence: The Easiest Way You Should Know

                            The Ultimate Guide to Ecommerce SEO

                            Cracking the Code: The Ultimate Guide to Ecommerce SEO

                            Translate Video to English - A Comprehensive Guide

                            Translate Video to English – A Comprehensive Guide

                            Perimeter Surveillance

                            Perimeter Surveillance: Definitions, Examples and Ethical Considerations

                            Alternatives to Savefrom

                            Top 5 Alternatives to Savefrom for Every Use (2023)

                            How Automation is Shaping the World of Technology

                            How Automation is Shaping the World of Technology

                            Trending Tags

                            • Gaming
                              • All
                              • Apex Legends
                              • Call of Duty
                              • CS:GO
                              • Esports
                              • FIFA
                              • Fortnite
                              • Genshin Impact
                              • GTA
                              • Guides & Tips
                              • League of Legends
                              • Overwatch
                              • Pokemon
                              • Valorant
                              DAZN Bet

                              The Transformation of DAZN Bet: From Streaming Giant to Betting Innovator

                              PlayStation's Cloud Gaming Platform

                              What We Know About The Public Beta Test of PlayStation’s Cloud Gaming Platform

                              New Features Coming with Counter-Strike 2

                              New Features Coming with Counter-Strike 2

                              Playing and Winning with Crypto

                              Your Step-by-Step Guide to Playing and Winning with Crypto!

                              Fort Solis

                              Even if Fort Solis has a Well-Known Face from The Last of Us FranchiseThe Critics are Unimpressed

                              Gamescom 2023

                              Early Gamescom 2023 Impressions Show That Starfield will Surpass Expectations and Be A Masterpiece

                              Trending Tags

                              • Decor
                                • All
                                • Design Ideas
                                • Events
                                • Furniture
                                • Gardening
                                • Home Repair
                                • Housekeeping
                                • HVAC Control System
                                • Kitchen
                                • Painting
                                • Pest Control
                                • Plumbing
                                How Long Do Air Conditioners Usually Last?

                                How Long Do Air Conditioners Usually Last?

                                themed wedding reception

                                Choosing The Best Theme For Your Wedding Reception

                                The Best Cleaning Techniques for Proper Carpet Care 

                                The Best Cleaning Techniques for Proper Carpet Care 

                                Advantages of Aluminium Doors

                                Advantages of Aluminium Doors

                                Exploring Alternative Lawn Options for Modern, Eco-Friendly Yards

                                Exploring Alternative Lawn Options for Modern, Eco-Friendly Yards

                                How to Choose the Perfect Metal Address Sign for Your Home

                                How to Choose the Perfect Metal Address Sign for Your Home

                                Trending Tags

                                • Business
                                  • All
                                  • Automotive
                                  • Crypto
                                  • Education
                                  • Entrepreneurs
                                  • Finance
                                  • Healthcare
                                  • Industries
                                  • Insurance
                                  • Investment
                                  • Legal
                                  • Retail
                                  • Share Market
                                  • Startup
                                  Way Facility Managers Can Improve Efficiency

                                  Facilities Management Best Practices: Way Facility Managers Can Improve Efficiency

                                  Decoding the Tax Refund Puzzle: Making the Most of a Tax Refund Calculator

                                  Decoding the Tax Refund Puzzle: Making the Most of a Tax Refund Calculator

                                  Economic vs. Non-Economic Damages

                                  Economic vs. Non-Economic Damages: A Long Island Perspective

                                  Margin Calculators to Optimize Trades

                                  Tailoring Your Trading Strategy: Using Margin Calculators to Optimize Trades

                                  Is Burger King Shutting Down?

                                  Is Burger King Shutting Down? What is Happening to Our Favourite Brand?

                                  AI and Machine Learning in FinTech

                                  AI and Machine Learning in FinTech: Smart Finance for All

                                  Trending Tags

                                  No Result
                                  View All Result
                                  Gud Story
                                  No Result
                                  View All Result
                                  Home Business Crypto

                                  What Defines A Cryptocurrency?

                                  Shivam by Shivam
                                  June 14, 2023
                                  in Crypto
                                  Reading Time: 5 mins read
                                  0
                                  What Defines A Cryptocurrency

                                  At its core, cryptocurrencies are digital assets (crypto assets) that make use of computer codes and blockchains to be able to operate on their own to some degree without the need to rely on someone or something to manage the system. 

                                  Blockchains refer to the public ledger that keeps track of all cryptocurrency transactions. This ledger is distributed and maintained throughout the computers linked to the network. The transactions that are recorded are put into blocks that are then linked to each other in chronological order, creating a historical record of all the transactions that have ever happened on that blockchain. 

                                  Bitcoin, considered the first cryptocurrency, was originally created to serve as a payment mechanism to be used solely online. At the time of its release, it was faster and cheaper than any other payment method, with the added bonus of not being subject to decisions by banks or the government.

                                  There are thousands of cryptocurrencies in circulation at the moment, and cryptocurrencies can still be seen as a payment mechanism, although other applications for it have been developed. Nowadays, it can be used for lending and borrowing or for things like acting as a digital storage.

                                  There is no doubt that cryptocurrencies will play a large part in how we approach finance in the future. In the meanwhile, it might be wise to invest in them for the long term. 

                                  ADVERTISEMENT

                                  But while the definition of what cryptocurrencies are can be fluid,

                                  Table of Contents

                                  • Here are the typical features of crypto assets
                                    • 1. Cryptography
                                    • 2. Transparency
                                    • 3. Incentives
                                  • Crypto Assets or Digital Assets
                                    • 1. Cryptocurrency
                                    • 2. Crypto Tokens

                                  Here are the typical features of crypto assets

                                  typical features of crypto assets

                                  1. Cryptography

                                  A cryptocurrency makes use of cryptography, specifically public-key cryptography, which refers to coding techniques that are used to secure information. In systems where public keys are used, there are unique public keys that you can share with others, and this is the key you would share with people if they want to send you crypto.

                                  There is also a private key, which is meant to be kept only to yourself. This private key serves as a password that secures your cryptocurrency holdings and is used when signing transactions you initiate.

                                  2. Transparency

                                  One of the main appeals of cryptocurrencies is the transparency it provides. Nearly all of the protocols that cryptocurrencies use are open source and are free for redistribution and modification. Additionally, every transaction made on the network is attached with a timestamp when it gets recorded onto the blockchain, which creates a chronological timeline of the ownership of the assets.

                                  3. Incentives

                                  Cryptocurrencies make use of game theory components to make sure that all the people on the network are active and move in a way that keeps the system running. Take the acting of crypto mining, for example. People who mine cryptocurrencies make use of specialised computing rigs to verify transactions. In exchange for the work they do, they are rewarded with newly minted coins whenever they successfully verify transactions. By doing this, miners are incentivised to keep dedicating their resources to verifying transactions. 

                                  Cryptocurrencies would make a great addition to an investment portfolio as a long term investment. If you have a high-risk tolerance, then you might want to check out BitiQ App – a trusted cryptocurrency trading platform and get started. 

                                  In the cryptocurrency market, a lot of terms are used interchangeably, and this can make things confusing for newbies. But to make things simple, cryptocurrencies can be split into three categories:

                                  Crypto Assets or Digital Assets

                                  This term can be used widely for all of the assets that were created from the blockchain revolution and use cryptography as a security measure. Cryptocurrencies and crypto tokens can both be considered crypto assets.

                                  1. Cryptocurrency

                                  These digital assets can also be called crypto coins, and they can be defined as being native to blockchains. Take Bitcoin and Ethereum. For example, their native coins are bitcoin (BTC) and ether (ETH), respectively. These coins can be used to pay for the transaction fees on the network, and are also the main compensation for the miners for every transaction that they verify.

                                  2. Crypto Tokens

                                  This term refers to crypto assets that do not run on blockchains of their own. Instead, crypto tokens operate on top of an already established blockchain. The most popular example of this is Ehtereum, which has become a popular blockchains that can be used to build tokens. Decentralised Finance tokens can also be considered as part of this category.

                                  You may also read: Best Cryptocurrency Platforms in 2021-2030

                                  ShareTweet

                                  Related Posts

                                  The Valor Token (VALOR) Advantage

                                  Empowering Digital Asset Investments with Security and Transparency: The Valor Token (VALOR) Advantage

                                  September 7, 2023
                                  Digital Yuan

                                  Online Advertising’s Transformational Shift with The Digital Yuan

                                  September 6, 2023
                                  Bitcoin Investment

                                  Bitcoin Investment Progress in Nome

                                  September 15, 2023
                                  Cryptocurrency Trading

                                  Technical vs. Fundamental Analysis in Cryptocurrency Trading: A Comparative Study

                                  August 26, 2023
                                  ADVERTISEMENT
                                  • Home
                                  • About
                                  • Advertise
                                  • Contact
                                  • Privacy Policy

                                  © 2018-23 Gud Story

                                  No Result
                                  View All Result
                                  • News
                                    • World
                                    • Asia
                                    • India
                                  • Net Worth
                                    • Athletes
                                      • Baseball Players
                                      • Boxers
                                      • Cricketer
                                      • Golfers
                                      • Hockey
                                      • NBA Players
                                      • NFL Players
                                      • Tennis Players
                                      • Wrestlers
                                    • Celebrity
                                      • Actors
                                      • Actress
                                      • Celebrity Chefs
                                      • Comedian
                                      • Lawyers
                                      • Models
                                      • Music Artist
                                      • Rappers
                                      • Singer
                                      • Social Media Celebrity
                                      • Television Artist
                                      • YouTuber
                                    • Directors
                                    • Journalist
                                    • Business
                                    • Politics
                                  • Entertainment
                                    • Biography
                                    • TV & Movies
                                    • Anime
                                    • Quotes
                                    • History
                                  • Business
                                    • Automotive
                                    • Education
                                    • Finance
                                    • Healthcare
                                    • Investment
                                    • Legal
                                    • Startup
                                    • Entrepreneurs
                                    • Industries
                                    • Retail
                                  • Real Estate
                                    • Moving
                                    • Construction
                                    • Property Loan
                                    • Selling a Home
                                    • Buying a Home
                                    • Commercial Real Estate
                                  • Decor
                                    • Design Ideas
                                    • Home Repair
                                    • Furniture
                                    • Gardening
                                    • Kitchen
                                    • Plumbing
                                    • Housekeeping
                                    • HVAC Control System
                                    • Events
                                  • Lifestyle
                                    • Health
                                    • Food
                                    • Drink
                                    • Travel
                                    • Beauty
                                    • Make up
                                    • Hair Care
                                    • Skin Care
                                    • Fashion
                                    • Jewellery
                                    • Shopping
                                  • Sports
                                    • NBA
                                    • NFL
                                    • Football
                                    • MLB
                                    • NHL
                                  • Gaming
                                    • Esports
                                    • Apex Legends
                                    • Battlefield
                                    • GTA
                                    • Call of Duty
                                    • Fortnite
                                    • Cosplay
                                    • CS:GO
                                    • FIFA
                                    • Genshin Impact
                                    • Guides & Tips
                                  • Tech
                                    • Work Life
                                    • Science
                                    • Apps
                                    • Mobile
                                    • Gadgets
                                    • Digital Marketing
                                    • How To
                                    • PC & Mobile
                                    • Blockchain
                                    • NFT
                                  • Relationship
                                  • Women
                                  • Animals

                                  © 2018-23 Gud Story