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Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main 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Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto 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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":706,"original_id":null,"author_id":40,"translator_id":null,"title":"What is SIM-Swap?","slug":"what-is-sim-swap","section":"S","keyword":"SIM-Swap","status":"published","definition":"is a scam where the attackers gain access to the victim's phone and all of the sensitive data within it.","content":"<p>A <strong>SIM Swap</strong> is an attack conducted by hackers that takes place when they try to enter into a person's phone and lock them out with the intention to gain access to their important accounts which might also be <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">
cryptocurrency wallets</strong></a>. It mainly targets the vulnerabilities of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-two-factor-authentication-2fa/">two-factor authentication (2FA)</strong></a> systems.</p>\n<p>Research done by Princeton University in January of 2020 showcased that 39 out of 50 attempts by researchers to achieve SIM swaps were deemed successful.</p>\n<p>As an example, a SIM swap attack was successfully done on a cryptocurrency businessperson by a 15-year-old student from New York. The consequences of the attack were major since <strong>he managed to obtain virtual assets valued at about $24 million.</strong></p>\n<p>Similarly, Europol was able to identify a cybercriminal ring responsible for 100 similar assaults. This resulted in $3.7 million in damage.</p>\n<p>These types of attacks are typically initiated by hackers messing with a victim's mobile phone service. As an outcome, the criminal connects directly to the victims' information and transfers the phone number to a new SIM card owned by the hacker.</p>\n<p>This usually indicates the hacker <strong>has entry to the victim's email and has the ability to change any sensitive data </strong>such as login details. When a thief acquires control of an individual's <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency details, particularly information about their crypto wallets, the danger increases.</p>\n<p>The far more concerning aspect of SIM switch assaults is the simplicity with which these sorts of crimes may be carried out.</p>\n<p>All they have to do is move the victim's mobile carrier number to a new phone number. Hence, there are various methods for porting the mobile carrier number to the hacker's new number. These include <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-phishing/">phishing or just purchasing information about the target.</p>\n<p>It is important to note though that, sadly, <strong>there is nothing you can do once your savings have been withdrawn</strong> from your account and transferred to global accounts.</p>","level":"medium","meta_title":"What is SIM-Swap? Definition & Meaning | Crypto Wiki","meta_description":"SIM-Swap meaning: SIM-Swap - is a scam where the attackers gain access to the victim's phone and all of the sensitive data within it.","meta_keywords":null,"language":"en","created_at":"2022-03-30T05:49:46.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-sim-swap"},"prevSection":{"id":704,"original_id":null,"author_id":40,"translator_id":null,"title":"What is SHA-256?","slug":"what-is-sha-256","section":"S","keyword":"SHA-256","status":"published","definition":"a cryptographic hash function that generates a 256-bit signature for a text.","content":"<p><strong>The Secure Hashing Algorithm (SHA-256) is the Bitcoin protocol's <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hash/">hash function</a> and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining/">mining algorithm</strong>, which refers to the cryptographic algorithm that generates a 256-bit long result. It was designed by the United States National Security Agency (NSA) and first published in 2001.</p>\n<p>It regulates address generation and administration and it is also used for transaction verification. <strong>Bitcoin employs</strong> <strong>double SHA-256</strong>, which means that functions are applied twice.</p>\n<p>One thing that the hash algorithm is known for is its superior security and the fact that its operations are not seen in the public domain. The main use of this algorithm is to safeguard vulnerable data. Because of the use of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-signature/">digital signatures</strong></strong></a>, it is possible to validate the content of information without disclosing it.</p>\n<p>It is really hard or almost impossible to deduce the original data from a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hash/">hash value</strong></strong></a>. Besides, it is extensively used for password verification since it does not require storing specific passwords. This is the case because hash values can be maintained and compared to the user entry to determine whether it is valid or not.</p>\n<p>In addition, due to the vast number of potential configurations, a malicious act known as a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-brute-force-attack-bfa/">brute force attack</strong></strong></a> is extremely difficult to succeed in when there is an SHA-256 function used.</p>\n<p><strong>SHA-2 differs significantly from its predecessor, SHA-1</strong>. SHA-224, SHA-256, SHA-384, SHA-512, SHA-512/224, and SHA-512/256 are all new hash algorithms that use eight 32-bit and 64-bit words.</p>","level":"easy","meta_title":"What is SHA-256? Definition & Meaning | Crypto Wiki","meta_description":"SHA-256 meaning: SHA-256 - In Bitcoin's Proof-of-Work consensus mechanism, SHA-256 is a cryptographic hash function that generates a 256-bit signature for a text.","meta_keywords":null,"language":"en","created_at":"2022-03-30T05:43:37.000000Z","updated_at":"2023-01-24T09:48:00.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-sha-256"},"currentChapter":"S","currentSection":"what-is-sharding","chapterTitle":"S","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-sharding","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter S
What is Sharding?
Sharding MEANING:
Sharding -
a scalability approach that divides blockchain states into pieces that individually store states and transaction histories, allowing each shard to be assessed at the same time.
Let's find out Sharding meaning, definition in crypto,
what is Sharding,
and all other detailed facts.
Sharding is a scalability strategy that allows blockchain states to be divided into segments holding states and transaction histories, allowing each shard to be evaluated simultaneously. Since it separates blockchain networks into different shards, sharding might assist in reducing network lags and slowness. However, there are several security issues with sharding, including the possibility of shard attacks.
