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StrongHands Stock

StrongHands

SHND

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StrongHands Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
XT.COMSHND/USDT029.0926.4747.010cex17/9/2025, 6:21 AM
XeggeXSHND/DOGE0009.480.01cex16/26/2025, 2:51 PM
XeggeXSHND/USDT00.706.640.01cex16/26/2025, 2:51 PM
VinDAXSHND/USDT00000cex14/8/2025, 6:35 AM
BankCEXSHND/USDT00000cex17/9/2025, 6:12 AM
CoinstoreSHND/USDT00000cex14/15/2025, 9:30 AM
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StrongHands FAQ

What is the technology behind StrongHands?

StrongHands (SHND) is a cryptocurrency distinguished by its hybrid approach, employing both proof-of-stake (PoS) and proof-of-work (PoW) minting systems. This dual mechanism is crafted to enhance the security and efficiency of the network. By harnessing the strengths of both systems, StrongHands seeks to offer a robust platform for its users. The PoS component enables users to earn rewards by holding coins in their wallets, promoting long-term investment and network stability. Meanwhile, the PoW aspect involves miners utilizing computational power to validate transactions, ensuring the network remains decentralized and secure. The blockchain technology underpinning StrongHands is rooted in the foundational principles of Bitcoin and Peercoin, while introducing several innovations to address energy consumption and security. By building on these established technologies, StrongHands incorporates energy-efficient practices and adaptive responses to fluctuations in network computational power. This adaptability is crucial in preserving the network's integrity, particularly as the number of participants and transactions increases. StrongHands operates on the Ethereum blockchain, providing a versatile platform for deploying smart contracts. Smart contracts are self-executing agreements with the terms encoded directly. They automate processes and reduce the necessity for intermediaries, enhancing transaction efficiency and transparency. The integration of smart contracts into StrongHands' ecosystem facilitates seamless trading and staking, improving the user experience. Security is a paramount concern for any blockchain network, and StrongHands addresses this through its unique reward system. Miners are incentivized with a 250,000 SHND per block reward, distributed after a 30-day holding period. This mechanism not only rewards miners for their efforts but also encourages them to retain their holdings, thereby contributing to the network's stability and security. By requiring miners to hold their rewards for a specified period, StrongHands mitigates the risk of sudden sell-offs that could destabilize the market. The community aspect of StrongHands is another vital element of its technology. Originally launched in 2015 by Jackson Briggs, the project experienced a community takeover in 2018, led by notable figures such as Bitcoinbabys and Bumbacoin. This transition underscores the decentralized nature of the project and the significance of community involvement in its development. The ethos of loyalty and perseverance is deeply embedded in StrongHands culture, as reflected in its motto, emphasizing the value of holding and commitment. StrongHands is also preparing to become multichain, which will enable it to operate across multiple blockchain networks. This development aims to enhance the coin's accessibility and interoperability, allowing it to interact with a broader range of blockchain ecosystems. By expanding its reach, StrongHands seeks to attract a diverse user base and enhance its utility in the cryptocurrency landscape. The technology behind StrongHands is a blend of innovation and tradition, drawing from the strengths of established cryptocurrencies while introducing new features to address contemporary challenges. Its hybrid minting system, integration with Ethereum, and community-driven approach collectively contribute to a comprehensive and dynamic platform.

Investors interested in StrongHands are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.