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  • 🌐WELCOME TO PLANET IX
  • đŸ•šī¸PLANET IX
    • What is Planet IX
    • Prologue / Lore
  • 🏅HOW TO START
    • 1. Introduction
    • 2. How to buy IXT
    • 3. Trade Land
    • 4. Stake land in Mission Control
      • 1. Acquire Tile Contracts for Mission Control
      • 2. Stake Tile Contracts
      • 3. Stake PIX in Mission Control
    • 5. How to Collect Waste
    • 6. Refine Waste at EternaLab
    • 7. Refine Waste at GWS
  • đŸŽ¯MID GAME
    • Explore and Utilize Gameplay
    • Road 1 - Build Facility
      • Why build Facilities?
      • New land corp -> Add tiles
      • Show tile map -> talk Drones
      • Tile contract B - renting
      • Out-put generating
      • Build Facility
    • road 2 - PIX & teritory
      • What is a Territory
      • How to build a Territory
      • How to stake Territory
      • Explaining the benefit of incorporating territories into mission control
  • đŸ›ī¸CORPORATION HUB
    • Global Waste System
    • Gravity Grade
    • NewLands
    • EternaLabs
    • HaveBlue
    • Lucky Cat
  • 🌎GAME STATIONS
    • NET EMPIRE
    • MISSION CONTROL
    • IX FOUNDATION
  • 💰GAME ASSETS
    • Items
      • Drones
      • Facilities
      • Rovers
    • Building Material
      • Bio-M0ds
      • Energy
      • Tile Contracts
      • Landmarks
      • PIX
    • Coins
      • Astro Credits
      • Loot Crates
      • Raffle Tickets
      • Waste
      • Astro Gold
      • AoC Badges
      • Genesis NFTs
      • METASHARES
  • 🆕NEW TO CRYPTO
    • Polygon
    • Free To Play (F2P)
    • NFTS
    • How do cryptocurrencies work
    • Advanced Glossary
  • â›“ī¸ON CHAIN
    • 🎮Contracts
    • 🎰Chain-link VRF
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  1. NEW TO CRYPTO

How do cryptocurrencies work

Cryptocurrencies work through a decentralized ledger called a blockchain, which records and verifies transactions made in the currency. When a transaction is made, it is broadcast to the network of computers running the cryptocurrency's software, and each computer then verifies the transaction using complex algorithms. Once a transaction is verified, it is added to the blockchain as a block, becoming part of the permanent, unalterable record of all past transactions. The decentralized nature of the blockchain ensures that no central authority controls the currency, and transactions are processed and verified by users in the network rather than by a bank or other financial institution. Additionally, cryptography is used to secure transactions and control the creation of new units of the currency. The combination of blockchain technology and cryptography makes cryptocurrencies unique and allows them to function as a secure, decentralized alternative to traditional fiat currencies.

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Last updated 2 years ago

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