Pizhnyak Stephan pfp

Pizhnyak Stephan

@cryptogoofy

184 Following
34 Followers
Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
🎉 Just became the proud owner of the amazing NFT "Monad Ben" on Monad Testnet. Explore the incredible collection here: https://monad-ben.testnet.nfts2.me/ 🔥 Discover more on /nfts2me Tell me what you think about it! 😄 via @nfts2me
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
Paper Wallets Paper wallets are physical printouts of your cryptocurrency keys, consisting of a public key (for receiving funds) and a private key (for spending funds). They are created by using a paper wallet generator, which is best done offline to enhance security. Pros: - Very secure when created and stored correctly. - Not vulnerable to online hacking. Cons: - Prone to physical damage or loss (fire, water, etc.). - Not user-friendly for beginners. Paper wallets are suitable for long-term storage, but they require careful safeguarding to ensure you don't lose your keys.
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
Cold Wallets Cold wallets, also known as offline wallets, are not connected to the internet, offering a higher level of security for storing cryptocurrencies. They can include hardware wallets and software wallets stored on devices not connected to the internet. Pros: - Enhanced security against online threats. - Suitable for long-term storage of cryptocurrency. Cons: - Less convenient for frequent transactions. - Physical devices can be lost or damaged. Cold wallets are perfect for users who want to store larger amounts of cryptocurrency securely and do not need to access their funds frequently.
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
Types of Cryptocurrency Wallets In the world of cryptocurrency, wallets are essential tools that allow users to store, manage, and transact their digital assets securely. Understanding the different types of cryptocurrency wallets is crucial for beginners who wish to navigate the crypto space safely. Let's explore the three main categories of wallets: hot wallets, cold wallets, and paper wallets. Hot Wallets Hot wallets are online-connected wallets, making them convenient for daily transactions. They can be web-based, mobile, or desktop applications. Pros: - Easy to set up and use. - Accessible from anywhere with internet connectivity. - Quick transactions make them ideal for frequent trading. Cons: - Increased risk of hacking and cyber threats. - Vulnerability to malware and phishing attacks. Hot wallets are ideal for small amounts of cryptocurrency that you might want to use regularly, but it's important not to store large amounts in them due to security risks.
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Pizhnyak Stephan
@cryptogoofy
How Transactions Work When a transaction is initiated, it gets broadcasted to the network. Miners or validators then verify the transaction's validity. Once confirmed, the transaction is bundled into a block and added to the existing blockchain. This process is decentralized and ensures that everyone involved has a copy of the latest ledger. Importance of Understanding Blockchain for Security Understanding blockchain technology is crucial for anyone venturing into cryptocurrency. By knowing how transactions are recorded and secured, you can better safeguard your assets against potential threats, such as scams or unauthorized access. In the next lesson, we will explore cryptocurrency wallets and how to keep your digital assets safe. Stay tuned!
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
I've just created an NFT Collection on Monad Testnet using @NFTs2Me. Click on the link below to check it out and mint own your NFT! Collection is open edition. 🔥 Discover more on /nfts2me https://lovely-monad-nft-collection.testnet.nfts2.me/
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
Key Features of Blockchain 1. Decentralization: Unlike traditional ledgers held by a single authority, blockchains operate on a peer-to-peer network. This distribution of data enhances security and reliability. 2. Transparency: All participants in the network can view the entire transaction history. This openness fosters trust among users since everyone can verify transactions independently. 3. Immutability: Once data is added to the blockchain, it cannot be altered. This feature ensures the integrity of the information, as any attempt to change it would be evident to all network participants. 4. Security: Transactions on a blockchain are protected by cryptographic algorithms. This means that data is encoded, making unauthorized access extremely difficult.
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
2 Understanding Blockchain Technology In our journey into the world of cryptocurrency, the foundation lies in understanding blockchain technology. It’s essential for grasping how cryptocurrencies function, ensuring security, and maintaining transparency. What is Blockchain? A blockchain is a decentralized and distributed digital ledger that records transactions across many computers. This technology ensures that no single entity has control over the entire chain, making it resistant to fraud and hacks. Each transaction is grouped into a block, which is then linked to the previous block, forming a chain.
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
Key Security Concepts: - Public and Private Keys: These are cryptographic keys used for transactions. Your public key is like your bank account number, while your private key is like your password. - Wallets: Think of cryptocurrency wallets as digital bank accounts. They store your public and private keys and allow you to send and receive cryptocurrencies securely. - Risks and Threats: Understanding common risks, such as hacking and phishing scams, is essential for safeguarding your assets. As we progress through this series, you'll learn how to implement best practices to protect your investments and safely navigate the cryptocurrency landscape. Stay tuned for Lesson 2, where we’ll dive deeper into the technology that powers cryptocurrency!
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Pizhnyak Stephan
@cryptogoofy
I would like to introduce a small course about information securituy at cryptocurrency. This lesson aims to introduce you to the basics of cryptocurrency and the security measures you should be aware of. What is Cryptocurrency? Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on a technology called blockchain, which is a decentralized ledger that records all transactions across a network of computers. This decentralization makes it resistant to manipulation and fraud but also presents unique security challenges. Why is Security Important? As cryptocurrencies operate in a digital environment, they are vulnerable to various threats, including hacking, theft, and fraud. Protecting your digital assets requires a keen awareness of potential risks and establishing effective security practices.
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
Just minted my sovereignty attestations onchain!
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
Donald Trump Launches $TRUMP Meme Coin - His Token Hits $9 Billion Market Cap for less then one day
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Pizhnyak Stephan
@cryptogoofy
@cryptogoofy Bitcoin could experience fluctuations within a certain range based on current trends and news
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
Sui resumes strong uptrend, soars by over 1,300% from lowest level
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
Bitcoin ETFs log continued outflows as BTC remains under $93k
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
Ethereum token fell to $3,340, down by over 5.6% from its highest level this week.
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Pizhnyak Stephan
@cryptogoofy
SEND surges 360%, dForce jumps 160%, BTC struggles to reclaim $100k
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Pizhnyak Stephan pfp
Pizhnyak Stephan
@cryptogoofy
Bitcoin has reached the new ATH again. How long will it grow or we can see the dump really soon?
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