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Cold Storage

Cold storage refers to storing cryptocurrencies offline in a way that is not connected to the internet. This method of storage is considered more secure because it reduces the risk of hacking or other security breaches.

There are different ways to implement cold storage, such as using a hardware wallet or paper wallet, which are devices or documents that hold the private keys needed to access and transfer the cryptocurrency.

Cold storage is often used as a long-term storage solution for larger amounts of cryptocurrency that are not needed for regular transactions or trading. By storing cryptocurrency offline, it is more difficult for hackers to access the funds, making it a safer storage option for long-term investments.

  • Sybil Attack
    A Sybil attackA Sybil attack is a security threat in peer-to-peer networks where a single adversary controls multiple nodes, known as Sybil nodes. The attacker creates multiple... is a security threat in peer-to-peerPeer-to-peer (P2P) is a type of network where computers or nodes can directly communicate with each other, without the need for a central […]
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  • All-Time High (ATH)
    ATH stands for “All-Time High,” which is the highest price level that a cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain... or any other asset has ever reached. Traders can profit from ATH by using trading strategies such […]
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  • Smart Contract
    Smart contracts are self-executing computer programs that automatically enforce the terms of a contract when certain conditions are met. They are typically used in decentralized systems, such as blockchainThe blockchain is a digital ledger that records transactions in a secure and decentralized manner. Think of it like a shared spreadsheet that is constantly... networks, to […]
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