Your Finance Decentralized price is $0.54903500
Your Finance Decentralized (YFD) is a digital currency that operates on a decentralized network. As it follows the principle of decentralization, it eliminates the need for a central authority thereby offering a decentralized economic system.
The creators of YFD have remained primarily anonymous, which is common in the world of decentralized finance. This enhances the emphasis on a truly decentralized digital asset. The key motivation behind YFD was to provide a finance platform that empowers individual users by eliminating a centralized authority figure.
Like other cryptocurrencies, YFD is digital, decentralized, and utilizes blockchain technology. However, what sets it apart is its focus on the principle of decentralization in finance. It aims to empower individuals with more freedom regarding their financial activities.
While actual mechanisms may vary, typical cryptocurrency mining involves solving complex computational problems that validate transactions and add them to the blockchain. This process ensures the security and validity of the network. As of this writing, it's durable to specifically state whether YFD supports mining without specific details.
The circulating supply of Your Finance Decentralized is 19.3K, out of a total supply of 20.0K. This indicates that most of the total YFD has already been released to the market. It's important to remember that the circulating supply and total supply can have implications on the market price of the cryptocurrency.
YFD, like other cryptocurrencies, employs several security measures. These include the inherent security provided by blockchain technology, such as transaction immutability and decentralization. Due to the nature of decentralization, it's harder for bad actors to manipulate the currency since there is no single point of failure.
Currently, the price of Your Finance Decentralized (YFD) is $ 0.54903500. In the last 24 hours, it has increased by +0.00%. The volume of YFD traded in the last 24 hours is 0.1.
The best place to purchase Your Finance Decentralized (YFD) is on the . These platforms adhere to standard security practices in the industry and offer a reliable means of buying and selling YFD.
Securing your YFD involves storing it in a digital wallet, either on your computer or a specialized hardware device. It's essential to ensure that your wallet is secure and that you have a backup of the private key or recovery phrase. This protection is critical as losing these could mean loss of access to your YFD.
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