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“Crypto and Beylond: a deep immersion in cryptocurrency, stack test (POS), decentralized exchanges (DEX) and circulating deliveries”
The world of cryptocurrencies has made a long way from its institution in 2009. From the first days of Bitcoin and Ethereum to the current decentralized landscape, there are many terms that can be confused for newborns. In this article, we will break down the concepts of encryption, proof of stack (POS), decentralized (DEX) and circulating consumables, offering a complete understanding of each.
Crypto
Cryptocurrency refers to digital or virtual currencies that use encryption for safe financial transactions. The best known example is Bitcoin (BTC), which was created in 2009 by a person or group using the pseudonym Satoshi Nakamoto. Other remarkable cryptocurrencies include Ethereum (ETH), Litecoin (LTC) and Monero (XMR). Cryptocurrencies work on a decentralized network, which means there are no central authorities to control transactions.
Proof-State (POS)
The stack test, also known as the Palo test (POS), is an alternative consensus used by some cryptocurrency. It works similarly to the proof of -Bitcoin (POW), but uses a different mathematical problem to validate transactions. In POS, the nodes in the network must “target” their coins to participate in the validation process.
Here’s how it works: A node presents its transaction on the network and transmits it to other knots. Each node checks the transaction using complex mathematical formulas and selects a random “interested part” (ie a user who holds a certain amount of coins) to validate the transaction. The interested parties are then rewarded with coins only invented to validate transactions. The more coins, the greater their possibilities of being selected as interested parties.
Decentralized exchanges (DEX)
A decentralized exchange (DEX) is a type of cryptocurrency exchange that works on blockchain technology and allows users to exchange cryptocurrencies without relying on central authority. Dexs offers a safer, more efficient and intuitive experience than traditional exchanges, such as coinbase or binance.
Dexs use various algorithms and techniques to optimize trading and minimize risk. Some remarkable features include:
* Automatic market producers : These are artificial intelligence -based systems that continuously monitor the market and buy or sell activities to maintain prices.
* Intelligent contracts : These allow users to perform operations without the need for intermediaries, reducing transaction commissions and increasing efficiency.
* Support for multiple cryptocurrencies : DEXS often accepts a wide range of altcoin, which makes it easier for users changing between different markets.
Circulating supply
The traffic offer refers to the total number of currencies available for trading an activity. This is usually calculated by lowering the amount of new coins created by the total offer and adding any lost or destroyed coins for different reasons, such as: For example:
* Burning token : When the value of a coin drops below a certain threshold, its creator can decide to burn some coins to reduce its balance.
* Safety violations
: In rare cases, safety vulnerability can lead to elimination of coins from circulation.
* Refunds : When users take currencies from exchange or wallet, they “burn” in essence some of their participations.
The circulating offer is an essential aspect of the cryptocurrency economy, because it affects the general value and the ability to use an activity. A larger circulating offer generally indicates greater liquidity and higher market stability, while a lower offer can lead to increased price and reduce market volatility.
In conclusion, Crypt, Pos, Dexs and circulating deliveries are all interconnected concepts that model the panorama of cryptocurrency.