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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 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It is often used to describe <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-altcoin/">
altcoins or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">
cryptocurrencies that arose in response to the success of <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">
Bitcoin. Since shitcoins are not established in good faith or their prices were founded on speculation, they often lose value due to falling investor interest. As a result, these currencies are regarded as poor investments.</p>\n<p><strong>Shitcoins are easy to spot</strong> since they have a consistent pattern. Although a coin might generate some curiosity when it is first released, its price remains quite stable. However, when more investors get on board, the <strong>price rises enormously</strong> in a short period of time. Following that, investors dump their coins in order to profit from short-term gains, causing the price to plummet.</p>","level":"easy","meta_title":"What is Shitcoin? Definition & Meaning | Crypto Wiki","meta_description":"Shitcoin meaning: Shitcoin - a coin that has little or no value, as well as no evident function in the near future.","meta_keywords":null,"language":"en","created_at":"2022-03-29T10:58:07.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-shitcoin"},"prevSection":{"id":692,"original_id":null,"author_id":42,"translator_id":null,"title":"What is Shard?","slug":"what-is-shard","section":"S","keyword":"Shard","status":"published","definition":"a part of a blockchain network with its own data that appeared when a chain was split using the sharding technique.","content":"<p>Essentially, a <strong>shard</strong> is a chunk of a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">
blockchain network</strong></a> that appeared after a chain was split during the process of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-sharding/">sharding. Shards can be defined in two ways – by the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-asset/">digital asset</strong></a> they contain and <strong>by their properties</strong>. Each shard can share its data with other shards, preserving a core feature of blockchain technology – the existence of a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-distributed-ledger/">distributed ledger</strong></a>. </p>\n<p>When a huge flow of users enters the blockchain network, it results in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-network-latency/">latency. <strong>Sharding</strong> is a great method for reducing latency by breaking a blockchain network into independent shards, each of which has its own data and is isolated from the others.</p>\n<p>Besides, it’s <strong>really difficult </strong>for an attacker to predict which shards would be suitable to infect with their malicious nodes. This is the case because <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-node/">nodes of certain blockchains are constantly reassigned to different shards at random times.</p>\n<p>Sharding makes hosting <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-full-node/">full nodes</strong></a> a lot more convenient. When sharding is properly handled in a blockchain, each user can store just a portion of the database's history of changes, rather than the full history, as is the case by default.</p>","level":"easy","meta_title":"What is Shard? Definition & Meaning | Crypto Wiki","meta_description":"Shard meaning: Shard - a part of a blockchain network with its own data that appeared when a chain was split using the sharding technique.","meta_keywords":null,"language":"en","created_at":"2022-03-29T10:44:56.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-shard"},"currentChapter":"S","currentSection":"what-is-shilling","chapterTitle":"S","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-shilling","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter S
What is Shilling?
Shilling MEANING:
Shilling -
a term used to describe the practice of promoting any cryptocurrency through implicit advertising, before it ends in a rug pull.
Let's find out Shilling meaning, definition in crypto,
what is Shilling,
and all other detailed facts.
Shilling is when someone actively engages in the disguised promotion of a cryptocurrency. The ultimate goal is to create excitement around the initiative so that people believe in it and want to invest in it. The more people want to invest, the higher the demand for the token becomes, and the more the price rises.
Traditional financial markets prohibit the use of shilling. However, because there are no strict rules for cryptocurrencies yet, it's unclear whether it is considered lawful or illegal advertising. Besides, keep in mind that crypto shilling is not obvious, it's usually disguised. Therefore, you should always keep your eyes open for the red flags. The main red flags include:
- When an influencer is promoting an unknown cryptocurrency.
- When an individual or individuals invest a large amount of money into a specific cryptocurrency.
- When founders or members of the team secretly endorse their tokens.