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ChessCoin

ChessCoin is a form of digital cryptocurrency, also referred to as CHESS Coin. Use this page to follow the ChessCoin price live, cryptocurrency news, ChessCoin market cap and updates. Create alerts, follow opinion and analysis and view real time market data. The ChessCoin crypto stock price is updated in real-time.

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1 CHESS =

$ 0.020762

-0.000324 -1.54%

12:50:33 - Real-time Data . ( Disclaimer )

Market Cap:

$1.05M

Circulating Supply:

CHESS54.03M

Max Supply:

CHESS0

Vol (24H):

Chg (7D):

-0.20%

Day's Range:

0.020536 - 0.021199

Investing.com Index

1D 1W 1M 6M 1Y 5Y Max

ChessCoin News

BTC price metric that cued biggest Bitcoin bull runs breaks out at $23K CointelegraphCryptocurrency

A little-known Bitcoin (BTC) price metric has just given a new bull run signal — and it has never been wrong.As noted on...

Cryptocurrency Dubai Bans Privacy Cryptocurrencies with New Regulations

Cryptocurrency India Needs More Time to Clarify Crypto GST Regulation

End of bull run? The Graph awaits correction after a 200% GRT price rally

Cryptocurrency End of bull run? The Graph awaits correction after a 200% GRT...

Cryptocurrency Chiliz Spikes 26% as Whales Push CHZ into Top-Traded Cryptos

Show more News

ChessCoin Analysis & Opinion

Cryptocurrencies: Altcoins Expected to Resume Higher After Dipping By Gregor Horvat - Feb 08, 2023

Cryptocurrencies are slow for the last few days, and the reason...

Was Bitcoin’s January Rally Driven by “Smart Money”? By Timothy Fries - Feb 05, 2023 4

Institutional investors seem to be pushing Bitcoin to greater...

MicroStrategy Plans to Buy More Bitcoin Despite $197.6M Impairment in Q4 By Timothy Fries - Feb 03, 2023

Bitcoin rose more than 40% since the impairment was logged, while...

Bitcoin Macro Outlook: Nigeria’s 60% Premium, Best January in 10 Years By Ruholamin Haqshanas - Jan 31, 2023 2

The price of Bitcoin in Nigeria is up by around 60% compared to...

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Leading Cryptocurrencies

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FAQ

What is Cryptocurrency?
Discover what crypto is and how it works. A cryptocurrency is a digital form of money. They are digital assets created to be used to pay for goods and services. Cryptocurrencies can be used as a store of value, unit of account and medium of exchange. These digital assets are secured on a distributed ledger called the “blockchain.” The first cryptocurrency was Bitcoin which was introduced in a whitepaper by pseudonymous creator Satoshi Nakamoto. It was launched in 2009. The digital asset has since served as the benchmark crypto asset.
How to Buy Cryptocurrency
You can buy cryptocurrency in several ways. The most popular is to buy cryptocurrency on a regulated cryptocurrency exchange like Coinbase. Another method is to buy cryptocurrencies like Bitcoin via a cryptocurrency automated teller machine (ATM). Using an exchange is often the most convenient, but you might have to go through an extensive know-your-customer (KYC) process before accessing the platform.
How does Cryptocurrency Work?
Cryptocurrency works with the help of the blockchain, miners or validators and the users. Once one user sends a cryptocurrency to another, cryptocurrency miners validate and then add the transaction to the blockchain. Each transaction is cryptographically encoded and validator nodes compete to solve this cryptographic puzzle. Once this happens, the receiver will see the funds in their wallet balance.
What is Crypto Mining?
Crypto mining is the process of securing and validating transactions on a blockchain network. The Proof-of-Work (PoW) is the first recognised mining protocol and requires validators to compete in solving complex mathematical equations. The miner who gets the correct response would be eligible to add the transactions to the network and as such, receive the block rewards - in the form of newly minted Bitcoins. PoW mining requires specialised and expensive mining hardware to pull off, and this equipment consumes more energy and is difficult to maintain.
What is Staking Crypto?
Staking crypto entails locking up your crypto asset to secure a particular network. Crypto staking is common with cryptocurrencies that use a Proof-of-Stake (PoS) consensus algorithm. In comparison, assets like Bitcoin use the Proof-of-Work (PoW) model to validate and secure transactions on their network, while others like Cardano and Polkadot use the PoS model. Crypto staking is a great way to earn passive income, and it is also a more energy-efficient model to mine new coins for the network. Due to its consistent yields and low barrier to entry, many crypto exchanges now offer Staking-as-a-Service (SaaS) to their users.
How does Cryptocurrency gain value?
Cryptocurrency gains value through adoption and market speculators. If the demand for a digital asset is high, then the value would rise. The more people who are willing to use a digital asset, the more likely it will increase in value and prominence. The most valuable cryptocurrencies are those with more adoption and high demand. These cryptocurrencies are digital assets for the long term.