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What is cryto currency?? Cryptocurrency is a digital or virtual currency that uses cryptography for security and is decentralized, meaning it's not controlled by any government or financial institution. Here's a simplified explanation of how it works: 1. Decentralised network: Cryptocurrencies operate on a decentralized network of computers, called nodes, that record and verify transactions. 2. Mining: New cryptocurrency coins are created through a process called mining, which involves solving complex mathematical problems. 3. Blockchain: Transactions are recorded on a public ledger called a blockchain, which is maintained by the nodes on the network. 4. Wallets: Users store their cryptocurrencies in digital wallets, which can be software, hardware, or paper-based. 5. Private keys: Each wallet has a unique private key, used to sign transactions and prove ownership. 6. Transactions: When a user wants to send cryptocurrency to another user, they create a transaction and broadcast it to the network. 7. Verification: Nodes verify the transaction using complex algorithms and cryptography. 8. Blockchain update: Once verified, the transaction is added to the blockchain, and the nodes update their copies. 9. Consensus: The decentralized network ensures that all nodes agree on the state of the blockchain, preventing fraud and errors. Some key characteristics of cryptocurrencies include: -Decentralized: Not controlled by any single entity - Limited supply: Most cryptocurrencies have a capped supply - Fast and global: Transactions are fast and can be sent globally - Secure: Uses advanced cryptography for security - Transparent: Transactions are recorded on a public ledger Follow me for more post like this.. $BTC #BinanceLaunchpoolHMSTR #BinanceLaunchpoolCATI
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$DOGS Alert âŒïž 1. Resistance and Support Levels: Resistance: 0.0011293 Support: 0.0010713 2. Current Price Action: The price briefly broke above the resistance level but failed to hold, pulling back to support. It has since bounced off the support level and is currently trading at 0.0010940. Potential Scenarios: 1. Continuation Pattern: If the price holds above the support level and begins to show strength, it may attempt another test of the resistance level. A successful break above the resistance level could lead to a further upward move. 2. Rejection at Resistance: If the price struggles to break above the resistance level again and starts to show bearish signals (e.g., lower highs, increased selling volume), it could indicate a potential reversal or consolidation around the current level. 3. Further Decline: If the price breaks below the support level, it could signal a bearish trend, and the price may seek lower support levels. . . Remember, cryptocurrency markets are highly volatile, and it's crucial to manage risk and use stop-loss orders to protect your trades. đ $DOGS
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Who of you take a long profit đ€©đđ«Łđ«Ł
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đł its here. Who of you minted it?? #Catizen
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Near support, keep an eye on it. đ„ł
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