Free Airdrop: Catly Token for Binance Users

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Catly platform is the world's first token that supports buybacks during the presale. Binance users can claim 500 CATLY TOKENS for free with auto staking, and the claimed airdrops will be unstaked after listing and the daily stake rewards are allowed to be sold or staked again.  There is information that Catly is likely to be listed on Binance Exchange so take the opportunity to mine Catly token now! Below are the steps to claim the airdrop: Step 1: Register by clicking the "Sign Up" button using Gmail and create a Password.  Click "CLAIM" at the top right corner and enter only your USDT (Bep-20) wallet address from Binance and tap submit.  Step 2: Without delay, go to your Binance Spot account to check the USDT or check the email alert sent by Binance.  Wait for the USDT to be sent to your Binance account, and check the USDT amount that was sent to your Binance account.  Step 3: Go back to the Catly website, you will be asked to enter the amount of USDT that
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What is Cryptocurrency or Altcoins

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Altcoins

Cryptocurrency is a digital asset from blockchain technology designed to work as a medium of exchange using cryptography to secure transactions and control the creation of additional units of the currency.

Cryptocurrency is a subset of alternative currencies or specifically digital. It is simply called digital money. There are many Cryptocurrencies in the world going up to 1152

The 7 Most Important Cryptocurrencies
  1. Bitcoin (BTC)
  2. Litecoin (LTC
  3. Ethereum (ETH)
  4. Zcash (ZEC)
  5. Dash
  6. Ripple (XRP)
  7. Monero (XMR)

How Do Cryptocurrencies Work?

Cryptocurrency is an encrypted decentralized digital currency transferred between peers and confirmed in a public ledger via a process known as mining.

Below, we take a simplified look at how cryptocurrencies like Bitcoin work. First, let's review the basics and essentials of cryptocurrency, and then we will do an overview of the other properties that have made cryptocurrency what it is today.

The Cryptocurrency Basics

In order to understand how cryptocurrency works, you'll need to understand a few basic concepts. Specifically:

Public Ledgers: All confirmed transactions from the start of a cryptocurrency's creation are stored in a public ledger. The identities of the coin owners are encrypted, and the system uses other cryptographic techniques to ensure the legitimacy to record keeping. The ledger ensures that corresponding "digital wallets" can calculate an accurate spendable balance. Also, new transactions can be checked to ensure that each transaction uses only coins currently owned by the spender. Bitcoin calls this public ledger a "transaction blockchain".

Transactions: A transfer of funds between two digital wallets is called a transaction. That transaction gets submitted to a public ledger and awaits confirmation. When a transaction is made, wallets use an encrypted electronic signature (an encrypted piece of data called a cryptographic signature) to provide mathematical proof that the transaction is coming from the owner of the wallet. The confirmation process takes a bit of time (ten minutes for Bitcoin) while "miners" mine (ie. confirm transactions and add them to the public ledger).

Mining: In simple terms, mining is the process of confirming transactions and adding them to a public ledger. In order to add a transaction to the ledger, the "miner" must solve an increasingly complex computational problem (sort of like a mathematical puzzle). Mining is open source, so anyone can confirm the transaction. The first "miner" to solve the puzzle adds a "block" of transactions to the ledger. The way in which transactions, blocks, and the public blockchain ledger work together ensures that one individual can easily add or change a block at will.
Once a block is added to the ledger, all correlating transactions are permanent and a small transaction fee is added to the miner's wallet (along with newly created coins). The mining process is what gives value to the coins and is known as a proof-of-system.


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