Dump is a mass sale of cryptocurrency that can lead to a decrease in its value. This usually happens when investors or traders decide to sell their assets after they have reached a certain target or when they believe that the price has reached its peak. How does a dump work in cryptocurrency? The dump process usually includes the following steps: Investors or traders accumulate a large amount of cryptocurrency. They start selling their assets en masse on the market, which leads to an increase

Pump is a scheme for manipulating the price of cryptocurrencies, in which a group of market participants buys a large number of tokens in order to artificially increase their value. After that, participants sell the purchased tokens at a higher price, making a profit. How does the Pump work? A group of participants (usually large market players) starts actively buying a certain cryptocurrency. This leads to an increase in its cost. Other market participants, seeing the price increase, also

NFT (non - fungible token) is a non-fungible token that is a unique digital certificate confirming ownership of a specific asset. Anything can be an asset: from a photo or video to music, and even virtual items in games. How do NFTs work? Blockchain technology allows you to create unique digital certificates that cannot be forged or copied. Each NFT has its own unique identifier, which makes it unique. This allows you to use an NFT to verify ownership of a particular asset. To create and sell

White paper is a document that describes in detail the idea of the project, its goals, objectives and methods of achieving them. In the field of blockchain and cryptocurrencies, white paper is often used to attract investment in new projects. Why do I need a White paper? The main purpose of the white paper is to provide potential investors and partners with detailed information about the project so that they can make an informed decision about whether to invest their funds in it or not. A

Lightning Network is a technology that allows you to speed up and reduce the cost of transactions in cryptocurrencies. It runs on top of the main cryptocurrency network and uses communication channels between participants to conduct fast and cheap transactions. How the Lightning Network works The Lightning Network is based on the idea that participants can establish direct communication channels with each other and conduct transactions without having to access the main network every time. This

A whale is a major cryptocurrency holder that can influence the market. Whales own a large number of coins and can use them to manipulate prices. They can buy or sell large volumes of cryptocurrencies, which can lead to significant price fluctuations. How do whales affect the market? Whales can influence the market in several ways: Buying or selling a large amount of cryptocurrency. This may cause the price of the product to rise or fall. Use of buy or sell orders. An order is an order to buy

Mining is the process of creating new blocks in the blockchain, which ensures the operation of the entire system. To do this, you need to solve a complex mathematical problem using special equipment. However, the complexity of tasks is constantly growing, and it is becoming increasingly difficult to mine alone. Therefore, miners are united in pools-groups that jointly solve problems and divide the reward between participants in proportion to their contribution. How does the mining pool work?

A private key is a unique sequence of characters that is used to confirm ownership of and access to cryptocurrency. It plays a key role in ensuring the security of transactions on the blockchain. How the private key works In the world of cryptocurrencies, private keys are used to sign transactions. When you want to send cryptocurrency to another user, you use your private key to create a digital signature confirming your consent to transfer funds. This signature is added to the transaction and

A public key is one of the main elements of cryptography, which is used to ensure the security and confidentiality of data on the blockchain network. It is a unique sequence of characters that serves to identify the owner of a wallet or address in theblockchain. How the public key works. The principle of operation of a public key is based on the use of asymmetric encryption, in which data is encrypted using one key, and decrypted using another. The public key is available to all network

A smart contract is a computer code that automatically fulfills the terms of the contract between the parties. It is stored and executed on the blockchain, which ensures transparency, security and reliability of the transaction. How it works Smart contract? The smart contract contains all the terms of the agreement: who is involved in the transaction, what actions should be performed, under what conditions, etc. When these conditions are met, the smart contract automatically executes the