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Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your 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Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know 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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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Scammers have a number of tools and strategies to trick their victims and convince them that the scheme is legitimate and possibly even profitable to them.</p>\n<p>The rise of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">
cryptocurrencies has given way to new types of scams, specifically targeting those who hold crypto assets. Fake <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">
initial coin offerings (ICOs)</strong></a> using clones of other coins, promises of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">NFT collections that are never delivered, and too-good-to-be-true <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-defi/">decentralized finance (DeFi)</strong></a> projects are just some of the many scams floating around the crypto sphere.</p>\n<p>There are four general types of the most common crypto scams that members of different blockchain networks should be wary of:</p>\n<ul>\n<li>Impostor websites;</li>\n<li>Fake apps;</li>\n<li>Compromising updates;</li>\n<li>Scam emails.</li>\n</ul>\n<p>Impostor websites act as a method of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-phishing/">phishing. These websites are developed to appear legitimate and often replicate a website with some kind of payment gateway or a registration form that can be used to steal the victim’s information.</p>\n<p>While some impostor websites are only able to steal the data that the users enter, others may also contain viruses or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-malware/">malware that can infect the rest of the computer and cause irreparable damage.</p>\n<p>Fake apps can be developed for desktop or mobile devices. Such apps are <em>corrupted to the core</em> – their code is designed to act maliciously once the app is downloaded and opened. Similar to impostor websites, fake apps can appear legitimate, although they do not come from an official, verified source. They are frequently used to steal sensitive data.</p>\n<p>Some malicious parties can design social media updates that compromise user accounts, <strong>create security gaps</strong> that can allow hackers in or otherwise corrupt the security, and steal data from the user. Compromising updates can lead to the users losing all access to their accounts.</p>\n<p>Scam emails are one of the oldest tricks in the book. However, their effectiveness has significantly decreased over the years, as many email services can now flag spam emails as soon as they appear in the inbox.</p>\n<p>Scam emails are usually quite easy to spot due to bad grammar, odd formatting, and <strong>suspicious email addresses of the senders</strong>. They may contain links to phishing websites that appear legitimate.</p>\n<p>Recently, there has been an increase in scam emails regarding financial operations on platforms like PayPal or Venmo, as well as emails mentioning <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">crypto wallets</strong></a> and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-exchange/">exchanges.","level":"medium","meta_title":"What is Scammer? 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The servers are managed by people,<strong> instead of organizations.</strong> This gives it the ability to limit access to certain users and censor specific data. Users that engage in decentralized storage are perceived as trustworthy through <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></a> and they are encouraged by receiving <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-token/">tokens as rewards.</p>\n<p>The idea of decentralized storage was created back in 2013-2015 by projects such as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-interplanetary-file-system-ipfs/">IPFS, Stroj, and Siacoin. The goal was to leverage the advantages associated with decentralized networks in order to improve privacy, security, <strong>censorship resistance</strong>, cost, and availability of storage systems.</p>\n<p>The following are the main advantages of decentralized storage systems:</p>\n<ul>\n<li>Enhanced censorship due to the fact that there is no <strong>one body</strong> in charge of the network.</li>\n<li>Increased safety and confidentiality due to the deployment of alternative replicas of file fragments. Even if some network nodes get corrupted, data may still be recovered from the other nodes.</li>\n<li>Increased uptime since data download is possible from various network nodes, the majority of which are <strong>available at any time</strong>.</li>\n</ul>\n<p>However, cloud storage, which is the remote storage of documents on servers managed by service suppliers (such as Google Drive or Amazon Drive) should not be confused with <strong>decentralized storage</strong>.</p>\n<p>The information repositories of cloud storage providers are centralized, which means they might undergo outages or be <strong>targeted by cybercriminals</strong>. This results in poorer accessibility or even destruction of stored data. Besides, they are maintained by private organizations that tend to filter data and limit access to individual clients.</p>","level":"easy","meta_title":"What is Storage (Decentralized)? Definition & Meaning | Crypto Wiki","meta_description":"Storage (Decentralized) meaning: Storage (Decentralized) - Decentralized storage is the idea of putting documents online by dividing them into encrypted fragments and delegating these fragments to multiple nodes on a distributed network.","meta_keywords":null,"language":"en","created_at":"2022-03-30T13:19:58.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-storage-decentralized"},"currentChapter":"S","currentSection":"what-is-store-of-value","chapterTitle":"S","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-store-of-value","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter S
What is Store of Value?
Store of Value MEANING:
Store of Value -
A product, asset, or currency that retains its worth over time is referred to as a store of value.
Let's find out Store of Value meaning, definition in crypto,
what is Store of Value,
and all other detailed facts.
A store of value can be a few things, such as a commodity, asset, or currency. They can be retrieved, saved, and exchanged in the future without their value dropping.
Most commodities are, in fact, things that retain their worth over a substantial amount of time. An item is considered a store of value if its value is steady or may improve over time while not depreciating.
For instance, because gold and other valuable metals have an infinite shelf life, they are excellent value stores. Interest-bearing assets, such as U.S. Treasury bonds (T-bonds), also qualify for investors since they preserve their worth also provide revenue.
Food, on the other hand, has a low storage value since it spoils and becomes useless over time.
Up until 1971, the United States utilized a gold standard, which indicated that dollars could be exchanged for a particular weight of gold. Moreover, the majority of economies across time have employed gold and other similar metals to keep value, and their relative ease of travel is, in fact, a benefit.
Besides, the idea that constitutes a store of value varies greatly between countries and cultures. In all but the direst circumstances, the local currency can act as a store of value in the majority of advanced countries.
So, although the overall worth of such value storage fluctuates with time, it may be relied on to preserve some value in practically every circumstance.
