KYC is a requirement that you will encounter on almost all centralized crypto exchanges. However, customers can still purchase cryptocurrencies without going through the crypto-KYC process. However, these methods are much more complicated and much more risky.
Smart contracts help you exchange money, property, or shares for cryptocurrencies, while avoiding the need to use the services of intermediaries.
NFT stands for Non-Fungible Token, which means non-fungible token. This technology originates from 2017, and it was created on the Ethereum blockchain platform.
Cryptocurrency exchange is a specialized Internet platform for the process of trading and exchanging digital coins among themselves, as well as for ordinary money online. Thus, thanks to crypto exchanges, you can replenish the supply of coins and, if desired, cash them out.
To review the Cardano cryptocurrency, you need to jump back to 2017. It was in September of this year that a new project called Cardano ADA was launched.
Cryptocurrency is a digital currency, its unit is coins. They are protected from the possibility of forgery, representing encrypted information that is not available for copying, thanks to the use of cryptography.
Most people who have used electronic payment systems at least once have heard about such a type of virtual money as cryptocurrency.
Bitcoin is an open source decentralized payment platform built on blockchain technology and using its own cryptocurrency of the same name (indicated by the symbol BTC).
The idea of digital money was first expressed in 1983. For a long time (until 2008) it existed as an idea. The first cryptographic currency — bitcoin — was created over 10 years ago.
In a broad sense, a token is something that does not have any value of its own, but is provided by it from the outside. Tokens, for example, are casino chips or tokens at fairs that can be exchanged for ice cream or a hot dog. Even a place in line for a new iPhone (of course, if you want to sell it) is also a token.
Halving is the process of reducing the speed of generating new units of cryptocurrency, when for the same work, manners start to get half as much.
Many people ask this question - who created Ethereum? The main ideological inspirer and one of the creators of Ethereum is Vitalik Buterin, a developer from Canada, but originally from Russia.
Mining is carried out using a farm, which is a collection of devices connected to the blockchain network. Technically, a mining farm is a cascade of video cards connected to a computer with several powerful power supplies.