CORE (Community Representative)

Our mission

CORE's mission is to foster a robust and knowledgeable crypto community in Indonesia. By consolidating the efforts of various Indonesian crypto communities, CORE aims to enhance crypto literacy, promote responsible trading, and encourage the adoption of blockchain technology across the nation. tastes, needs, and budgets.

Our vision

Our vision is to see Indonesia emerge as a key player in the global crypto ecosystem, with a community that is well-informed, confident, and ready to take on new opportunities.

Why CORE Stands Out

CORE is not just an organization; it's a movement. Here's why CORE is your gateway to the future of crypto in Indonesia:

• United Voice: CORE brings together 22 prominent Indonesian crypto communities, amplifying their voice and influence on the global stage.

• Education and Literacy: We prioritize education, ensuring our members are well-versed in the latest crypto trends, technologies, and best practices.

• Community Empowerment: CORE empowers its members, providing them with the tools and knowledge to navigate the crypto world confidently and safely.

• Global Recognition: By unifying the Indonesian crypto communities, CORE ensures that our collective voice is heard and respected worldwide.

Join the CORE Movement

By joining CORE, you are not just becoming a part of an organization; you are stepping into a community that is at the forefront of crypto innovation in Indonesia. With over 22 active communities under one umbrella, CORE offers an unparalleled platform for learning, networking, and growth. Don't miss the opportunity to be part of this groundbreaking movement that is set to revolutionize the Indonesian crypto landscape. Together, we can make a lasting impact and elevate Indonesia's presence in the global crypto community.

Don Carlito

Chairman

FAQ

What is cryptocurrency?

The first and obvious addition among cryptocurrency FAQs would turn the emphasis towards definition of cryptocurrencies. Cryptocurrency is basically a digital form of currency with the support of cryptographic security for conducting trusted transactions. The underlying technology which runs cryptocurrencies is blockchain, and it offers a ledger for documenting all transactions.

As of now, you can find multiple cryptocurrencies in circulation, such as Bitcoin, Ether, and many new cryptocurrencies. Cryptocurrencies run as decentralized systems or networks without allowing complete control of a specific entity. Another important highlight of cryptocurrencies refers to the method for generating them. For example, miners could use their computing resources and electricity for mining cryptocurrency or stake their assets in a network for earning governance tokens.

What is blockchain?

You could not find any list of cryptocurrency questions for beginners without the mention of blockchain. The first-ever cryptocurrency, Bitcoin, is the first successful implementation of blockchain in the real world. Blockchain technology is basically a transparent, publicly accessible, trustless, and secure ledger.

It helps in the secure transfer of the ownership of units of value by leveraging proof of work consensus and public-key encryption methods. Blockchain leverages decentralized consensus for maintaining the network, thereby excluding intermediaries such as government, banks, or corporations from the process.

On top of it, the expansion of the blockchain network increases the level of decentralization, thereby strengthening the security of the blockchain. Interestingly, the capabilities of blockchain technology don’t focus on Bitcoin only and also extend to financial services, healthcare, and gaming.

What are public and private keys?

The next important addition among the best questions about crypto would draw attention to the basic elements in the working of cryptocurrencies. The primary foundation of Bitcoin and other notable cryptocurrencies is public-key cryptography. According to the cryptographic system, two different types of keys, such as public key and private key in pairs, can support crypto transactions. The public keys are important for identification and should be publicly visible. On the other hand, the private keys help in authentication and encryption, thereby implying that they are secret in nature.

How do cryptocurrencies work?

The working of cryptocurrencies is also a common highlight in cryptocurrency questions and answers for beginners. Popular cryptocurrencies such as Ethereum and Bitcoin work by using three basic pieces of information. The first important aspect in the working of cryptocurrencies is the address related to a specific account. The second important piece of information is the balance you would use for sending and receiving funds.

Another significant aspect of the working of cryptocurrencies would refer to the public and private keys associated with a specific address. You can generate a private key by generating a Bitcoin address which would also help in identifying the corresponding public key. Subsequently, you can use the address as a representative of the public key for different transactions. On the other hand, the private key offers control over ownership of the funds in a specific address.

Who controls cryptocurrencies?

The commonly asked cryptocurrency questions for beginners would also point towards the implication of control and ownership of cryptocurrencies. Blockchain does not allocate control to a single entity in the case of cryptocurrencies. However, the creators or developers of cryptocurrencies can set specific parameters such as rules for purchasing or selling cryptocurrency.

On the other hand, users get the privilege of controlling or managing the day-to-day operations of cryptocurrencies in a distributed manner. In addition, the identity of owners is anonymous, and you could not find any solid regulatory framework for verifying ownership of cryptocurrencies.

However, some countries are investing efforts in introducing some regulations in this area for countering illegal activities. The legal framework for cryptocurrencies could help governments in fighting off the concerns of terrorism financing and money laundering with cryptocurrencies. Furthermore, regulations could also strengthen the control of governments over monetary policies with respect to cryptocurrencies.

What are the reasons for the popularity of cryptocurrencies?

The reasons for the popularity of cryptocurrencies also set the foundation for some frequently asked questions about cryptocurrencies. Interestingly, you can find various reasons for the popularity of cryptocurrencies. One of the most common reasons for the popularity of cryptocurrencies refers to the assumptions suggesting that cryptocurrencies are the currency of the future. In addition, cryptocurrencies also remove banks and other financial intermediaries from focusing on reducing the value of money.

Most important of all, the technology behind cryptocurrencies, i.e., blockchain, is the biggest draw for the future of crypto. Blockchain offers a decentralized system for processing and documenting transactions with better security in comparison to conventional payment systems. On top of it, the rising value of cryptocurrencies also encourages people to turn towards cryptocurrencies in large numbers.

Is it reasonable to invest in cryptocurrencies?

Investment in cryptocurrencies is also one of the notable highlights in cryptocurrency FAQs, especially for beginners. If you want to find out whether cryptocurrencies are a good investment, then you should definitely know that they are volatile. Cryptocurrencies do not generate any cash flow like real currencies and are not stable. A currency should have stability which could help merchants and consumers in deciding the fair price for goods.

Bitcoin and many other popular cryptocurrencies have barely shown any sign of stability since their inception. For example, after rising to almost $20,000 in 2017, the value of Bitcoin dropped to almost $3200 in 2018. Now in 2021, Bitcoin has been successful in attaining record high levels. With price volatility as the main concern, it is quick to arrive at a conclusion about investments in cryptocurrency.

How can I buy cryptocurrencies?

Another common entry among common cryptocurrency questions and answers would point out methods for buying cryptocurrencies. Beginners who want to learn about cryptocurrencies are also likely to express interest in owning and trading cryptocurrency. Interestingly, you could purchase some cryptocurrencies such as Bitcoin directly with fiat currency like US dollars. On the other hand, you might also find some cryptocurrencies which you have to purchase with Bitcoins or other cryptocurrencies.

You can buy cryptocurrencies through a wallet, which is basically an online app for holding your crypto assets. Users generally have to create an account for a specific exchange and transfer actual money for purchasing cryptocurrencies such as Ethereum or Bitcoin. One of the popular examples of platforms to buy and sell cryptocurrency is Binance, Coinbase, OKX. The renowned cryptocurrency trading exchange helps you create a wallet and conduct cryptocurrency transactions easily.