Why proof of work is necessary2

Why proof of work is necessary?

We can answer that the Proof of Work algorithm or the POW algorithm is a method without repeated costs. It is better to know that many cryptocurrencies in the crypto market use the POW algorithm as a consensus algorithm. Also, the proof-of-work algorithm was the first consensus algorithm to be launched and established, and it still has many applications. Although…

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What is support and resistance in crypto market

What is support and resistance in crypto market?

One of the most important aspects of cryptocurrency analysis is undoubtedly the concept of support and resistance levels. Identifying support and resistance levels can be subjective. Also, these levels have different functions depending on the changing market conditions, so you need to understand the different types. Technical analysts use support and resistance levels to identify points where there is a…

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The Effect of tapering the cryptocurrency market

Tapering or reducing the rate of asset purchases is a condition in which central banks in major economic crises initiate expansionary policies by directly injecting money into the market; This cash injection occurs through a policy called quantitative easing or QE. In this policy, stocks, treasuries, and companies are bought directly by the central bank, thus injecting more money into…

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how to use fibonacci in crypto trading?

Fibonacci levels are one of the most widely used tools in technical analysis of financial markets, including cryptocurrencies. There are many topics or methods, including Fibonacci retracement extension, projection, extension and inversion. Also, many indicators are used in technical analysis, among which the main ones are Moving Averages, Bollinger Bands, Ichimoku Clouds, etc. Fibonacci indicator is one of those popular…

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What Is Etherscan and How to Use It?

EthraScan is known as an advanced search engine or analysis platform that allows you to get information about Ethereum blockchain transactions.In fact, Etherscan is a powerful and reliable tool that allows you to track Ethereum transactions.Use of this site is not limited to this subject matter. You can also use EthraScan to search for transactions, wallets, smart contracts and other…

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What is the purpose of signals and how are they determined?

In this article, it’s time to bring you information about the target price of cryptocurrency transactions. It is better to know that entering any investment market requires knowledge of the usual conditions of that market. Price targeting in cryptocurrency transactions is considered to be one of the most important and commonly used concepts and rules in the digital currency market,…

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What is a crypto browser and what are its uses?

Today, the use of a suitable browser with good speed has become one of the daily needs in the Internet field, which is very important. Using this type of browser has become an integral part of life. It is interesting to know that the browsers that use this type of search engine to get the desired information are not limited…

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Risk management training in the crypto market

No one can claim to always be in a superior position in the financial market. A successful trader is not one who never fails; On the contrary, they are good managers of investment risk. If you want to be among the winners, you need to learn how to manage risk in the crypto market. On the one hand, you must…

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Best indicators for crypto day trading

Today, with the particular popularity of the financial market and the popularity of the digital currency market, we have seen many enthusiasts enter the field and learn the basics of this market, especially technical analysis.  Technical analysis in terms of price charts and other various data such as volumes, trends, supply and demand areas, patterns, and other tools such as…

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