Crypto Terms:
Letter S
What is Shilling?
Meaning:
Shilling -
a term used to describe the practice of promoting any cryptocurrency through implicit advertising, before it ends in a rug pull.
Let's find out Shilling meaning, definition in crypto, what is Shilling, and all other detailed facts.
Shilling is when someone actively engages in the disguised promotion of a cryptocurrency. The ultimate goal is to create excitement around the initiative so that people believe in it and want to invest in it. The more people want to invest, the higher the demand for the token becomes, and the more the price rises.
Traditional financial markets prohibit the use of shilling. However, because there are no strict rules for cryptocurrencies yet, it's unclear whether it is considered lawful or illegal advertising. Besides, keep in mind that crypto shilling is not obvious, it's usually disguised. Therefore, you should always keep your eyes open for the red flags. The main red flags include:
- When an influencer is promoting an unknown cryptocurrency.
- When an individual or individuals invest a large amount of money into a specific cryptocurrency.
- When founders or members of the team secretly endorse their tokens.
altcoins or <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrencies that arose in response to the success of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin. Since shitcoins are not established in good faith or their prices were founded on speculation, they often lose value due to falling investor interest. As a result, these currencies are regarded as poor investments.<\/p>\n<p><strong>Shitcoins are easy to spot<\/strong> since they have a consistent pattern. Although a coin might generate some curiosity when it is first released, its price remains quite stable. However, when more investors get on board, the <strong>price rises enormously<\/strong> in a short period of time. Following that, investors dump their coins in order to profit from short-term gains, causing the price to plummet.<\/p>","definition":"a coin that has little or no value, as well as no evident function in the near future.","status":"published","meta_title":"What is Shitcoin? Definition & Meaning | Crypto Wiki","meta_description":"Shitcoin meaning: Shitcoin - a coin that has little or no value, as well as no evident function in the near future.","meta_keywords":null}"
:prev-section="{"id":1,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Zcash","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:58.000000Z","updated_at":"2023-11-10T18:44:57.000000Z","slug":"what-is-shielded-transaction","title":"What is Shielded Transaction?","section":"S","keyword":"Shielded Transaction","content":"<p>Cryptocurrency transactions (that have two types of addresses) can go a few ways.<\/p>\n<p><strong>A transparent address to a transparent address<\/strong> would result in an unshielded transaction, a transparent address to a shielded address would result in a shielded transaction, a shielded address to a shielded address would result in a shielded transaction, and a shielded address to a transparent address would result in an unshielded transaction.<\/p>\n<p>Furthermore, a shielded address uses a<a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-zero-knowledge-proof/"> zero-knowledge protocol<\/strong><\/a> (a way of proving that the statement is true) to enable the exchange of information to be encrypted by the remaining verifiable network nodes.<\/p>\n<p>To be exact, a transaction that takes place between two shielded addresses is called a shielded transaction. This means that all of the information such as the transaction volume, and users' addresses are shielded from outsiders. However, the exception is transferring funds from <strong>Sprout<\/strong> to Sapling shielding addresses, and vice versa.<\/p>\n<p><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//zcash/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Zcash<\/strong><\/a>, for example, distinguishes between transparent and shielded addresses. Shielded addresses are not the same as transparent addresses. They're similar to the <a href=https://www.bitdegree.org/"//crypto//buy-bitcoin-btc/">Bitcoin protocol's public addresses though. Transparent addresses cooperate with the Transparent Value Pool. It controls the exchange data that is publicly shown, also enabling it to be seen on the Zcash blockchain at any given time.<\/p>\n<p>Senders to a shielded address can also select whether or not to include <strong>an encrypted note.<\/strong> The sender's address is hidden on the transaction receipt in their <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-wallet/">wallet, and the receivers can only see the amount or an encrypted memo delivered to their address.<\/p>\n<p>Additionally, shielded addresses are obligated to generate <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-zk-snarks/">zk-SNARKS, to make sure the transaction is valid.<\/p>\n<p>All in all, shielded addresses successfully achieve a higher level of privacy and security, differently than transparent ones.<\/p>","definition":"a transaction that takes place between two shielded addresses is called a shielded transaction.","status":"published","meta_title":"What is Shielded Transaction? Definition & Meaning | Crypto Wiki","meta_description":"Shielded Transaction meaning: Shielded Transaction - a transaction that takes place between two shielded addresses is called a shielded transaction.","meta_keywords":null}"
:model="{"id":688,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Promotion_(marketing)","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-10T18:44:46.000000Z","slug":"what-is-shilling","title":"What is Shilling?","section":"S","keyword":"Shilling","content":"<p><strong>Shilling<\/strong> is when someone actively engages in the disguised promotion of a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrency. The ultimate goal is to create excitement around the initiative so that people believe in it and <strong>want to invest in it<\/strong>. The more people want to invest, the higher the demand for the token becomes, and the more the price rises.<\/p>\n<p>Traditional financial markets prohibit the use of shilling. However, because there are <strong>no strict rules for cryptocurrencies yet<\/strong>, it's unclear whether it is considered lawful or illegal advertising. Besides, keep in mind that crypto shilling is not obvious, it's usually disguised. Therefore, you should always keep your eyes open for the red flags. The main red flags include:<\/p>\n<ul>\n<li>When an <strong>influencer<\/strong> is promoting an unknown cryptocurrency.<\/li>\n<li>When an individual or individuals invest a large amount of money into a specific cryptocurrency.<\/li>\n<li>When founders or members of the team secretly endorse their tokens.<\/li>\n<\/ul>","definition":"a term used to describe the practice of promoting any cryptocurrency through implicit advertising, before it ends in a rug pull.","status":"published","meta_title":"What is Shilling? Definition & Meaning | Crypto Wiki","meta_description":"Shilling meaning: Shilling - a term used to describe the practice of promoting any cryptocurrency through implicit advertising, before it ends in a rug pull.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
:chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin 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Crypto","status":"published","modified_content":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-exchanges.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-exchanges-101.jpg","rating":80,"sections":[{"chapter_id":3,"order":1,"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","status":"published","modified_content":null},{"chapter_id":3,"order":2,"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":3,"order":3,"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","status":"published","modified_content":null},{"chapter_id":3,"order":4,"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry 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The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens 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Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming 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current-chapter="S"
current-section="what-is-shilling">
