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HashKey announced that users can claim HSK by logging into the DejenDog Telegram bot and completing designated tasks. Participants will receive a base amount of eligible HSK randomly after logging into DejenDog, with opportunities to increase their allocation greatly.
The crypto market has shown moderate gains across major currencies. Bitcoin is trading slightly up, hovering around $38,000, while Ethereum has seen a stronger increase, nearing $2,500. Regulatory developments continue to be a focal point, with various countries outlining their approaches to crypto oversight. Additionally, the NFT market remains active, with notable sales and new projects gaining attention. Overall, the sentiment remains cautiously optimistic amid ongoing market volatility and regulatory developments.
***Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Unlike traditional currencies issued by governments (like the US dollar or euro), cryptocurrencies operate independently of any central authority. Here’s how they work:
1. **Decentralization**: Cryptocurrencies typically use a technology called blockchain, which is a decentralized technology spread across many computers that manage and record transactions. This decentralization ensures no single entity has control over the currency.
2. **Cryptography**: Transactions in cryptocurrencies are secured through cryptographic techniques, making it extremely difficult to counterfeit or double-spend coins.
3. **Transactions**: When someone sends cryptocurrency to another person, the transaction is broadcast to the network of computers (nodes) running the cryptocurrency's software. These nodes validate the transaction and add it to a public ledger (blockchain).
4. **Mining**: Some cryptocurrencies (like Bitcoin) use a process called mining to validate transactions. Miners use powerful computers to solve complex mathematical puzzles that verify transactions. In return for their efforts, miners are rewarded with newly created coins.
5. **Wallets**: Cryptocurrencies are stored in digital wallets, which can be software-based (online or offline) or hardware-based (physical devices). Each wallet has a unique address on the blockchain, similar to a bank account number.
6. **Value and Exchange**: Like traditional currencies, cryptocurrencies can be used to buy goods and services where accepted. Their value is determined by market demand and supply dynamics, as well as speculation.
Overall, cryptocurrencies offer a decentralized and potentially more secure way to transfer and store value, though they come with risks such as price volatility and regulatory uncertainty. #BNB #WIF #dogcoin #Altcoin