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system. Also, it assures that no new coins may be generated by means other than the computationally costly operation of mining.</p>\n<p><strong>Coins are cryptocurrencies that function according to their own blockchains and are unconnected to other cryptocurrencies.</strong> In other words, they are virtual currencies protected by encryption, making counterfeiting or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-double-spending/">double-spending unfeasible.</p>\n<p>After Bitcoin was released, new coins started to appear. A few of them were based on the already existing blockchain which makes them a<strong> fork</strong>, others on their own blockchain.</p>\n<p>The most well-known forks are <strong>Bitcoin Cash (BCH) and Bitcoin Gold (BTG)</strong>. They are classified as autonomous cryptocurrencies since their blockchains were able to maintain functioning in a totally independent way, following the fork.</p>\n<p><strong>EOS and <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum, on the other hand, give users the opportunity to develop tokens. Tokens are cryptocurrencies whose functioning depends on <strong>the parent blockchain</strong>.</p>\n<p>The main benefits of cryptocurrencies are less expensive and speedier money transfers, as well as the <strong>decentralized structure</strong> that keeps functioning even if there is an event of failure.</p>\n<p>However, some argue that the major drawbacks of cryptocurrencies are the large amount of energy consumed for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining/">mining, criminal activity, and price fluctuations.</p>","level":"easy","meta_title":"What is Coin? Definition & Meaning | Crypto Wiki","meta_description":"Coin meaning: Coin - Coins are cryptocurrencies that function according to their own blockchains and are unconnected to other cryptocurrencies.","meta_keywords":null,"language":"en","created_at":"2022-02-22T15:06:25.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-coin"},"prevSection":{"id":171,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Co-Signer?","slug":"what-is-co-signer","section":"C","keyword":"Co-Signer","status":"published","definition":"is an extra individual who has some authority over a cryptocurrency wallet.","content":"<p>If a co-signer has control over a wallet, it is called a \"Multi-Signature Wallet\", and its co-signer will have a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-key-secret-key/">private key</strong></a> that is required to sign a transaction so the funds could move from the wallet.</p>\n<p>Besides, <strong>multi-signature <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallets are considered to be a more safe modification of a cryptocurrency wallet.</strong> That is because several institutions or people are needed to offer their own unique keys prior to enabling access to the stored money. But in some cases, these wallets might lack protection.</p>\n<p>To configure these signature requirements you could need two out of a total of three keys to unlock the funds. The keepers of these keys are the co-signers.</p>\n<p>Speaking of businesses, reserving a big amount of the organization's cryptocurrency funds on a single-signature wallet would put them at risk of getting their savings stolen. Keeping that in mind,<strong> if access to a wallet is permitted only after multiple co-signers provide their keys</strong>, it precludes the funds from getting stolen or misused by any staff member.</p>\n<p>To release cryptocurrency funds, it might be necessary for it to be co-signed, in some cases. The most employed way is the basic security increase of a personal wallet by using a multi-signature wallet and <strong>gathering the signatures needed to access it on multiple devices</strong>.&nbsp;</p>\n<p>As a result, individual users can safeguard themselves from one or more of the keys being lost or stolen.</p>","level":"easy","meta_title":"What is Co-Signer? Definition & Meaning | Crypto Wiki","meta_description":"Co-Signer meaning: Co-Signer - is an extra individual who has some authority over a cryptocurrency wallet.","meta_keywords":null,"language":"en","created_at":"2022-02-22T15:01:19.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-co-signer"},"currentChapter":"C","currentSection":"what-is-code","chapterTitle":"C","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-code","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Crypto Terms: Letter C

What is Code?

Code MEANING:
Code - A series of characters, symbols, numbers, or sentences that result in programming statements are referred to as code.
Easy
1 minute

Let's find out Code meaning, definition in crypto, what is Code, and all other detailed facts.

In information and communication transfer, code is a set of rules that converts data (music, image, phrase, etc.) into another form which is sometimes compressed.

Also, code contains specific technical definitions and general ones, particularly in cryptography. To put things into a technical context, code is the replacement of a phrase or one single word with another one, or even a symbol or a number. This is performed in order to hide the actual phrase or word.

This is a procedure that entails converting data from sources into symbols for communication or storage. On the opposite end of the scale is decoding, which is the act of converting code symbols back into a form that we can comprehend.