l FAQs Archive - CryptoCurrency Complete Guide

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What is a non-fungible token

Is also called an NFT.  It is a unique token that can’t be interchanged with any other token on the same blockchain (or ANY other blockchain).  An NFT is used to represent and prove ownership of a very specific...

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is a coin the same as a token?

Both a Coin and a Token are cryptocurrencies, and they both do have similarities. But, generally, they can be distinguished by their different use case, purpose, and features. PAYMENT SERVICE Both are used to buy, trade or...

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WHAT IS A FORKCOIN

A Forkcoin is a method in which a new coin may come into existence when a blockchain makes a Hard fork. Forkcoin is not an actual cryptocurrency; it just a term to describe how new coins can be created and obtained due to a Hard...

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What is a fork? Hard and soft

A fork is most often created by a software change in the fundamental program that runs a cryptocurrency’s blockchain. A small percentage of other forks can be caused by hacker’s fraudulent manipulation of the...

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WHAT IS PROOF OF STAKE (POS)

PoS is a type of “consensus algorithm” which defines who (which node on the blockchain) gets to validate and add the next group of transactions to the blockchain. PoS was proposed as an alternative to the...

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