CryptoKind

Digital Assets & New Economy

CryptoKind

Digital Assets & New Economy

CryptoKind

Create your digital fortune: zero investment but a strong mindset.

CryptoKind

Digital Assets & New Economy
Create your digital fortune: zero investment but a strong mindset.
All that you need to make your step in the world of cryptocurrencies and earn your first values, is a smartphone or a PC, an internet connection, time, and a desire to learn.
Here in CryptoKind Cam.TV channel you will find the goods links to start this adventure.

BASIC KNOWLEDGE

Cryptocurrencies: a digital medium of exchange that uses strong cryptography to protect financial transactions, can control the creation of additional units, and verify the transfer of digital assets.
Asset: a resource with economic value someone controls with the expectation that it will provide a future benefit.
Blockchain: is a ledger of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the preceding block, a timestamp, and transaction data. By configuration, a blockchain is resistant to modification of its data. This is because once registered, the data in any given block cannot be altered afterward without alteration of all successive blocks.
Block: is the set of transactional data or information that are packed together in a predetermined size, and recorded in the blockchain.
Bitcoin: is a cryptocurrency that is not supported by any central bank or governmental institution. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment. Bitcoin transactions are made by digitally exchanging anonymous, heavily encrypted hash codes across a peer-to-peer network. The peer-to-peer network monitors and verifies the transfer of Bitcoins between users. Bitcoins are stored by the owners in a program, or a physical device called a wallet, which also holds each address the user sends and receives Bitcoins from, as well as a private key, is known only to the user.
Altcoin: cryptocurrencies alternative to Bitcoin, like Ethereum, Litecoin, Tether, Monero, Ethereum Classic, Dash, Zcash, Dogecoin, and many others that were created and launched after the great success of Bitcoin.
Decentralized Finance (DeFi): the movement of building decentralized financial applications that have no central authority and is censorship-free.
ERC-20: is one of the most widely used token standards in Ethereum to create fungible, exchangeable tokens.
Gas: a unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain.
Gas Limit: the maximum amount of units of gas user's willingness to spend on a transaction on Ethereum blockchain.
Gas Price: the amount of price the user is willing to pay for a transaction on Ethereum blockchain.
Smart contracts: self-executing contracts on the blockchain without needing human executors or notary.
Stablecoin: cryptocurrency with a price peg to fiat currencies or commodities.
Token: Blockchain based unit of value released by an organization, which grants token holders a right to participate in a network.
Wallet: software or physical device, that handles the storage of cryptocurrencies and allows users to send cryptocurrencies.
Wallet address: the address in which cryptocurrency can be stored, sent to, and receive.
Utility Token: cryptocurrency tokens with specific utilities on a network besides being used as a medium of exchange and investment vehicle.
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