Bitcoin. However, nowadays, new trading pairs appear by the hour.</p>\n<p>Cryptocurrency trading pairs are a very important part of the crypto industry. <strong>They enable the possibility to exchange one token for another in a quite easy manner.</strong> Furthermore, crypto exchanges are coming to realize the need of providing as many crypto pairings as possible in order to suit the demands of traders.</p>\n<p>Likewise, some particular crypto trading pairs might provide better trading conditions in terms of fees and taxes.</p>\n<p>Despite the fact that unpopular trading pairs amongst cryptocurrencies often have lower trading taxes, the most popular crypto trading pairs have shown to be a better value. 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Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":218,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Cryptography?","slug":"what-is-cryptography","section":"C","keyword":"Cryptography","status":"published","definition":"is an area of research and technique that secures data by prohibiting unauthorized third parties from accessing it.","content":"<p>The prefix &ldquo;crypt&rdquo; means &ldquo;hidden&rdquo; and the suffix &ldquo;graphy&rdquo; means &ldquo;writing&rdquo;.</p>\n<p>Back in the day, cryptography mainly dealt with the method of <strong>ciphers.</strong> Ciphers are the algorithms utilized to convert regular messages or <strong>&ldquo;plaintexts&rdquo;</strong> into ostensible gibberish or <strong>&ldquo;ciphertext&rdquo;.</strong> Moreover, the messages could be sent as letters, the receiver would then use the key to decrypt the ciphertext back into readable plaintext.&nbsp;</p>\n<p>Without the knowledge of the key, the information conveyed in this manner was meaningless to any third-party adversary, even if the letter was physically received. That is, until the invention of cryptanalysis, the field that works with decoding encryption methods.</p>\n<p><strong>The first forms of ciphers, known as substitution and transposition ciphers</strong> and referred to collectively as classical ciphers, could be encrypted and decrypted manually. This meant that, at that time, they did not obscure the data sufficiently to withstand the cryptanalysis tools.</p>\n<p>Three types of cryptography:</p>\n<ul>\n<li><strong>Symmetric key cryptography</strong> - a sender and receiver of a message employ a single common key to encrypt and decrypt the message.</li>\n<li><strong>Asymmetric key cryptography</strong> - a pair of keys is utilized to decrypt or encrypt data.</li>\n<li><strong>Hash functions</strong> - no need for any key. A hash value with a defined length is computed based on the plain text, making it difficult to reconstruct the plain text's contents.</li>\n</ul>\n<p>The rise of radio and internet communications resulted in the requirement for strong encryption since messages are now broadcasted promiscuously and could be hijacked at will.</p>","level":"easy","meta_title":"What is Cryptography? Definition & Meaning | Crypto Wiki","meta_description":"Cryptography meaning: Cryptography - is an area of research and technique that secures data by prohibiting unauthorized third parties from accessing it.","meta_keywords":null,"language":"en","created_at":"2022-02-28T14:08:13.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-cryptography"},"prevSection":{"id":216,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Cryptocurrency?","slug":"what-is-cryptocurrency","section":"C","keyword":"Cryptocurrency","status":"published","definition":"Cryptocurrencies are digital or virtual currencies.","content":"<p><strong>Cryptocurrencies</strong>&nbsp;are utilized in cryptographic technologies. The majority of digital currencies are decentralized networks that are based on a distributed ledger or blockchain technology. Therefore, they are not produced by any central force.</p>\n<p>Cryptocurrencies can be bought from cryptocurrency exchanges and can be mined as well.</p>\n<p>In approximately 1983, the principle of a digital currency secured by cryptography first started existing. This was when David Chaum, an American cryptographer, revealed ecash to the public.</p>\n<p>Nevertheless, the very first cryptocurrency that gained the attention of the public was <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin (BTC), which was released in January of 2009. In essence, Bitcoin was the inspiration for the rapid growth of the cryptocurrency ecosystem. By November 2021, the total value of all cryptocurrencies in existence had reached over $2.1 trillion.</p>\n<p>Some similar decentralized <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-work-pow/">proof-of-work coins - are <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/bitcoin-cash/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Bitcoin Cash</strong></a>, Litecoin, and Monero. <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-stake-pos/">Proof-of-stake coins - Tron, Dash, Tezos. Other coins are associated with private blockchains administered by firms for internal purposes and are unavailable to the general public.</p>\n<p>However, all of these are similar by having the operations of their networks secured by <strong>cryptographic algorithms.</strong></p>\n<p>The main idea behind the creation of Bitcoin was the employment of a distributed ledger - a blockchain of all the possible transactions that have ever happened.&nbsp;</p>\n<p>The Bitcoin network is comprised of several independent nodes, all of which opt to join willingly. The usage of blockchain allows the Bitcoin network to function successfully without the need for a central authority, such as a bank, to implement the regulations.</p>\n<p>The blockchain of Bitcoin is controlled and modified through the use of a proof-of-work consensus process founded on cryptographic hash functions. The process assures that no new Bitcoin can be produced without significant effort and that all BTC transactions are precisely and eternally recorded.</p>","level":"easy","meta_title":"What is Cryptocurrency? Definition & Meaning | Crypto Wiki","meta_description":"Cryptocurrency meaning: Cryptocurrency - Cryptocurrencies are digital or virtual currencies.","meta_keywords":null,"language":"en","created_at":"2022-02-28T13:51:28.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-cryptocurrency"},"currentChapter":"C","currentSection":"what-are-cryptocurrency-pairs","chapterTitle":"C","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-are-cryptocurrency-pairs","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">