How to Contact Bybit Support
Have a trading question and need professional help? Don’t understand how one of your charts works? Or maybe you have a deposit/withdrawal question. Whatever the reason, all clients run into questions, problems, and general curiosities about trading. Fortunately, Bybit has you covered regardless of what your individual needs are. Here is a quick guide of where you can find answers to your questions. Why do you need a guide? Well, because there are a bunch of different types of questions and Bybit has resources allocated specifically to get you on track and back to doing what you want — trading. So, we will outline what each resource is and how it can help you.
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What is a 51 percent attack with Bybit
No matter how useful a new invention is, people will always try to misuse it. Cryptocurrency is by no means an exception to the rule. The blockchain's decentralisation and anonymity are often used to conduct illegal transactions or deceive people who invest their money in scam projects. If you neglect security measures when working with a blockchain, you can disclose your private keys to criminals and lose your cryptocurrency. On top of that, the crypto network itself is not completely secure. One potential threat to blockchain networks is a 51 percent attack.
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Crypto’s PR problem: trust is building slowly with Bybit
The concept of trust has been integral to cryptocurrency since its inception. The same can be said of money itself. Blockchain was created as a technological solution to ensure trust on a peer-to-peer level. This desire stems from a lack of trust in third parties that act as guarantors of trust in traditional money, in other words, banks, governments and other economic institutions. Therefore, it’s interesting to note the findings of the special cryptocurrency edition of Edelman’s Trust Barometer report, which was released earlier this week. Working with a sample size of 34,000 adults (18+ years old) across 28 countries, the survey carried out by the PR company is by no means comprehensive, but still offers some intriguing insights into the public perception of cryptocurrencies.
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The difference between Public Key and Private Key Cryptography in Bybit
The key element of any blockchain project is the cryptography used to protect data. Without it, no transactions are protected. The cryptocurrencies we all know are built on so-called public key cryptography. In this article, we'll look at the difference between public key cryptography and private key cryptography, discuss each system's advantages and disadvantages, and answer other questions on this topic.
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DeFi vs. CeFi: What are the differences in Bybit
While some industry experts and analysts believe that DeFi will eventually take over CeFi, it is too early to be sure about such claims. In this article, we have discussed some of the key differences and similarities between CeFi and DeFi. Bitcoin introduced the world to a whole new set of blockchain-based financial applications. CeFi (Centralized Finance) has been around since the time Bitcoin first emerged. However, a new trend has come into view in the form of DeFi (Decentralized Finance), which has garnered a lot of attention over the last year.
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