FAQ
Question – Answer
Cryptocurrency is a digital currency that uses encryption to secure transactions and manage the creation of new units of currency.
Bitcoin is the most popular type of cryptocurrency.
Blockchain is a digital technology that is used to store and transfer information without the need for a centralized control structure.
Mining is the process of creating new blocks in the blockchain and receiving a reward in the form of cryptocurrency. It is carried out using the computing power of computers that verify transactions and create new blocks.
Cryptocurrency provides security and anonymity of transactions, speed and low commissions, as well as the absence of the need for centralized management.
The genesis block serves as the first block in a blockchain network. It acts as a foundation upon which subsequent blocks are added, forming an unbreakable chain of transactions. What distinguishes the genesis block from other blocks is that it does not refer to the previous block, as it is the first block in the chain.
Yes, you can earn on cryptocurrency by mining, trading on the stock exchange or investing in cryptocurrency projects.
When choosing a cryptocurrency exchange, you need to pay attention to reputation, security level, commissions and the choice of trading pairs.
ICO is the initial placement of cryptocurrency tokens to finance a project. Investors can buy tokens in exchange for another cryptocurrency or fiat money.
Cold storage is a way to store cryptocurrencies offline for maximum security against cyberattacks and hacks.
To ensure the security of cryptocurrency funds, it is necessary to use reliable cryptocurrency wallets, strong passwords and two-factor authentication. You should also avoid sharing a computer that stores cryptocurrencies and not sharing personal information, such as secret keys or passwords, with other people. Regular software updates and the use of antivirus programs can also help protect crypto funds.