Shekel price is $0.00018318
Shekel (JEW) is currently trading at $ 0.00018318. Over the past 24 hours, it has increased by +0.00%.
Shekel, marketed under the symbol JEW, is a type of cryptocurrency. A cryptocurrency is a digital or virtual form of currency which uses cryptography for security. Shekel, like many digital currencies, operates on the principles of decentralization, meaning that it is free from intervention by governments or financial institutions. Instead, the control and transaction monitoring of Shekel lies in the hands of its user network.
The Shekel project is the result of the collaborative effort of a collection of cryptography and computer science enthusiasts who came together with a shared interest in blockchain technology and cryptocurrencies. Details about the identities and backgrounds of these people are kept discrete as a tribute to the privacy-focused nature of cryptocurrencies.
Like other cryptocurrencies, Shekel uses a technology known as blockchain. A blockchain is a public ledger containing all confirmed transactions from the start of a cryptocurrency's creation. This allows Shekel to maintain a total and transparent record of all transactions taking place within their network. Transactions are added to "blocks" or the links of code that make up the chain, and each transaction must be recorded on a block. A cryptography process known as "hashing" is utilized to ensure the safety and security of transaction data.
Although following a similar operational pattern as many other cryptocurrencies, Shekel stands apart in its commitment to maintaining privacy and security in transactions. It promises to provide its users with control over their financial information, a feature that is increasingly important in today's digital age.
Shekel's security comes down to its use of advanced cryptographic techniques. Two key premises underpin the security of Shekel. First is decentralization, which means that instead of being stored in some central location, transactional and user data is dispersed across the network. This protects against targeted attacks. Second is the immutable nature of the blockchain, meaning that once a transaction is recorded in the blockchain, it cannot be altered or deleted.
As of now, there are 133.1M JEW in circulation. The total supply of Shekel is capped at 133.1M, a feature that fosters scarcity and helps to protect against inflation.
Shekel can be purchased on the following cryptocurrency exchange platforms: . Before buying, it's crucial to remember that cryptocurrency investments carry risk due to their volatility.
To safeguard your Shekel, it is important to use a reliable and secure digital wallet. Additionally, it is recommended to take advantage of two-factor authentication where available, never share personal information, and always back up wallet data. Always keep your private key private.
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