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Electra Protocol

Real-time Electra Protocol (XEP) quotes, volume, change, daily range, market cap, Electra Protocol FAQ, circulating and max supply.

Compare rates according to the cryptocurrency exchange list on our Electra Protocol Market section, and view live Electra Protocol (XEP) market exchange data to boost your trading strategy edge.

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1 XEP =

$ 0.0002188

-0.0000042 -1.88%

04:07:17 - Real-time Data

Market Cap:

$4.08M

Circulating Supply:

XEP18.34B

Max Supply:

XEP30.00B

Vol (24H):

$107.94K

Chg (7D):

-4.80%

Day's Range:

0.0002180 - 0.0002279

USD ALL

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	Name	Exchange	Last	High	Low	Chg. %	Vol.	Time
	XEP/USD	MEXC	0.0002188	0.0002279	0.0002180	-1.88%	268.10M	04:07:17

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FAQ

What Is Cryptocurrency?
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (like the US Dollar or Euro), cryptocurrencies are typically decentralised and operate on technology called blockchain, which is a distributed ledger enforced by a network of computers (nodes).

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Readers who are keen to learn the answer to what is crypto, and how it works should read our full Investing Academy article.
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You can buy cryptocurrency in several ways. The most popular is to buy cryptocurrency on a regulated cryptocurrency exchange like Coinbase, Binance, Kraken, or Gemini. This method is usually the most convenient, but you might have to go through an extensive know-your-customer (KYC) process before accessing your chosen platform.

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Another method is to buy cryptocurrencies like Bitcoin via a cryptocurrency automated teller machine (ATM) if there are any in your area.

Remember, regardless of the method used to buy Crypto, it's important to transfer your purchased cryptocurrency to a secure digital wallet for safekeeping.
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Cryptocurrency operates on blockchain technology, which is a decentralised ledger that records all transactions across a network of computers. Each cryptocurrency, like Bitcoin or Ethereum, is a digital asset secured by cryptography, making it resistant to counterfeiting and fraud.

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Users store their cryptocurrencies in digital wallets and can transfer them directly to others, enabling peer-to-peer transactions that are fast, secure, and often lower in fees compared to traditional financial systems.
What Is Crypto Mining?
Crypto mining is the process of validating and recording transactions on a blockchain network.

Miners use powerful computers to solve complex mathematical problems, which verify transactions and add them to the blockchain. This process ensures the integrity and security of the network. In return for their work, miners are rewarded with newly created cryptocurrency coins, like Bitcoin or Ethereum.

Unfortunately, mining continues to require significant computational power and energy, making it a competitive and resource-intensive activity. However, it's a crucial component of many cryptocurrencies, maintaining decentralisation and encouraging network participation.
What Is Staking Crypto?
Crypto staking is a way to earn rewards by participating in the maintenance and security of a blockchain network using a method called Proof of Stake (PoS).

Unlike mining, which requires powerful computers to solve complex problems, staking involves holding and "staking" (locking up) your cryptocurrency in a wallet to support the network. When you stake your cryptocurrency, you pledge it to help validate transactions on the blockchain, contributing to the network's smooth and secure operation. In return, you earn rewards, typically in the form of additional cryptocurrency, similar to earning interest on a savings account but with cryptocurrencies. The more you stake, the higher your potential rewards.

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How Does Cryptocurrency Gain Value?
Cryptocurrency gains value through several factors that influence its demand and supply.

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