{"id":8735,"date":"2022-09-29T09:15:26","date_gmt":"2022-09-29T09:15:26","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=8735"},"modified":"2022-09-29T09:15:26","modified_gmt":"2022-09-29T09:15:26","slug":"what-crypto-storage-really-means","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/09\/29\/what-crypto-storage-really-means\/","title":{"rendered":"What Crypto Storage Really Means"},"content":{"rendered":"\n<p>To understand what cryptocurrency storage really means, let\u2019s look at what you are used to and draw some useful comparisons:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Digital banking<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Access Tools<\/h4>\n\n\n\n<p>Your banking App\/online account are tools to access your money. They don\u2019t actually store any money, but are a representation of the amount of money your bank holds on your behalf.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Access Credentials<\/h4>\n\n\n\n<p>You prove ownership of the funds held by your bank with credentials (such as personal details, biometrics, identity documentation, passwords, pins etc). This allows you to move or spend the money.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Account Details<\/h4>\n\n\n\n<p>Your bank balance is tied to an account with unique criteria &#8211; sort code, account, IBAN &#8211; that enable you to spend and receive funds.<\/p>\n\n\n\n<p>Cryptocurrency operates in a similar way, except there is no bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To understand what cryptocurrency storage really means, let\u2019s look at what you are used to and draw some useful comparisons: Digital banking Access Tools Your banking App\/online account are tools to access your money. They don\u2019t actually store any money, but are a representation of the amount of money your bank holds on your behalf.&nbsp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[379],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8735"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=8735"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8735\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=8735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=8735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=8735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}