Karmacoin price is $0.00020405
The current price of Karmacoin (KARMA) is $ 0.00020405. This price reflects a +14225.96% change in the last 24 hours.
Karmacoin is a digital currency that uses blockchain technology to record transactions. Unlike traditional currencies that are issued by central banks, Karmacoin is created through a process called mining. It emphasizes on rewarding users for doing good deeds, rather than for just mining or buying the coin.
The exact creator of Karmacoin is not publicly known, similar to many other cryptocurrencies. This adds an element of mystery to Karmacoin but also evidences the decentralized nature of the blockchain technology that underpins it. The project appears to be run by an anonymous group of developers and community members.
Karmacoin works just like any other digital cryptocurrency. It runs on a technology called blockchain, which is a type of distributed ledger that is secured by a network of computers, known as nodes. These nodes work together to validate and record all transactions on the blockchain.
When someone makes a transaction using Karmacoin, that transaction is broadcasted to the entire network. It is then validated by nodes through a process known as mining. Once the transaction is verified, it is added to the blockchain, where it becomes a permanent and irreversible record.
Karmacoin can be stored in a digital wallet, which is a kind of software that allows users to manage their cryptocurrencies. Karmacoin wallet can be on a user's personal computer, mobile device, or even on a hardware wallet for increased security.
What sets Karmacoin apart from other cryptocurrencies is its focus on rewarding acts of kindness and good deeds. Karmacoin claims to reward users who do good in the world, promoting a culture of positivity and giving. This unique approach to cryptocurrency creates a more altruistic and community-driven digital currency.
The current circulating supply of Karmacoin is 96.5B, while the total supply is 100.0B.
Karmacoin (KARMA) can be bought on several cryptocurrency exchanges. Currently, it's available for trading on the following platforms: Probit, BigONE.
Please note that cryptocurrency investments carry risk, and you should only invest what you can afford to lose. It is essential to do your research and understand the coin and the market conditions before making a purchase.
Securing your Karmacoin is crucial to prevent potential loss from hackers or other malicious parties. Here are a few steps to enhance the security of your Karmacoin:
Use a secure wallet: Opt for a hardware wallet or a well-protected software wallet to store your KARMA.
Keep your private keys safe: Your private keys are the only way you can access your cryptocurrencies. Never share them with anyone and store them somewhere safe and secure.
Use secure Internet connections: Avoid using public Wi-Fi when handling your cryptocurrencies, as they might not be secure and could potentially be compromised.
Enable two-factor authentication (2FA): This is available on most cryptocurrency exchanges and wallets. It adds an extra layer of security to your account by requiring a second form of verification.
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