Crypto Terms:
Letter V
What is Verification Code?
Meaning:
Verification Code -
acts as a layer of security whose main goal is to deny access to internet bots.
Let's find out Verification Code meaning, definition in crypto, what is Verification Code, and all other detailed facts.
A verification code is a type of safety measure used to prevent internet bots from exploiting or flooding various online sites.
Moreover, the most well-known example among people is captchas. You might recognize this type of verification code if you've ever been required to resolve a riddle when browsing a website and attempting to fill out a form.
A captcha is a code that is produced at random and displays as an image above a textbox. In order for the form data to be delivered, the guest must enter the identical code that is shown in the picture. A distinct code will be displayed each whenever the form is viewed.
The goal of captcha images is to stop bots from being able to read them, so they might appear a bit difficult to discern even for a human.
In addition, there are other types of authentications out there, such as a Google Verification code. It is a brief code of digits that is directly sent to the person, generally via email or phone.
It is already apparent that users may be needed to submit a confirmation code when attempting to change their password, log in to their accounts for the first time from an unfamiliar device, or establish a new account.
It is important to keep in mind that this type of verification code is not restricted to Google, which is only one of several such alternatives.
A verification code service can be provided by any service to website producers and users. These services, such as two-factor authentication (2FA), are routinely utilized for both traditional banking and cryptocurrency accounts that demand a high level of protection.
All in all, there are firms that utilize verification code for their account creator as an additional layer of protection.
token lockup<\/strong><\/a>) is <strong>a specific time period in which tokens purchased during the<\/strong> <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-initial-coin-offering-ico/">ICO <strong>pre-sale stage are<\/strong> <strong>restricted from being sold<\/strong>. Usually, the tokens are transferred after they have been received (not all the time though).<\/p>\n<p>Lockups come in various types, and they're frequently used together with other systems like <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-soft-cap/">soft caps<\/strong><\/a> and bonus tiers. Each has its own set of benefits and drawbacks.<\/p>\n<p>The main reasons why the vesting period is <strong>beneficial<\/strong>:<\/p>\n<ul>\n<li>It allows the development and launch of a product, especially if there is no prototype at the moment. During this time, investors can assess the project's progress and decide whether to keep their tokens or trade them for another cryptocurrency like <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">ETH or <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">BTC./nIt protects early investors from major price <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-volatility/">volatility since sellers must wait a certain amount of time before selling their investments. This gives the token price some stability and assures that the early project participants have enough time to use the platform or benefit from it by earning dividends.<\/li>\n<li>It decreases the amount of unprofessional hype surrounding projects.<\/li>\n<\/ul>\n<p>The exact <strong>reasons for the use of the token lockup<\/strong> are different among various projects. Though there are some major ones:<\/p>\n<ul>\n<li>It allows the team to track the value of a token.<\/li>\n<li>It prevents developers from selling their tokens immediately after trade begins, safeguarding the interests of holders.<\/li>\n<li>It prohibits dumpers from crashing the price of the token as soon as it is listed on an exchange.<\/li>\n<li>It restricts the ability of holders to easily sell their tokens, providing them with time to reconsider their decisions.<\/li>\n<\/ul>","definition":"a certain time period in which the sale of a token is restricted.","status":"published","meta_title":"What is Vesting Period? Definition & Meaning | Crypto Wiki","meta_description":"Vesting Period meaning: Vesting Period - a certain time period in which the sale of a token is restricted.","meta_keywords":null}"
:prev-section="{"id":799,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Venture_Capital","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-14T15:46:15.000000Z","slug":"what-is-venture-capital","title":"What is Venture Capital?","section":"V","keyword":"Venture Capital","content":"<p><strong>Venture Capital (VC)<\/strong> refers to a sort of <strong>private<\/strong> <strong>equity<\/strong> and a form of funding provided by investors to <strong>startups and small companies that are thought to have a long-term development possibility.<\/strong><\/p>\n<p>Wealthy investors, investment banks, and other financial institutions are often the ones that provide Venture funds.<\/p>","definition":"(VC) is a form of funding offered to startups that hold the potential to grow exponentially.","status":"published","meta_title":"What is Venture Capital? Definition & Meaning | Crypto Wiki","meta_description":"Venture Capital meaning: Venture Capital - (VC) is a form of funding offered to startups that hold the potential to grow exponentially.","meta_keywords":null}"
:model="{"id":800,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Verification_Code","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-14T15:47:27.000000Z","slug":"what-is-verification-code","title":"What is Verification Code?","section":"V","keyword":"Verification Code","content":"<p>A <strong>verification code<\/strong> is a type of safety measure used to prevent internet bots from exploiting or flooding various online sites.<\/p>\n<p>Moreover, the most well-known example among people is captchas. You might recognize this type of verification code if you've ever been required to resolve a riddle when browsing a website and attempting to fill out a form.<\/p>\n<p>A captcha is a code that is produced at random and displays as an image above a textbox. In order for the form data to be delivered, the guest must enter the identical code that is shown in the picture. A distinct code will be displayed each whenever the form is viewed.<\/p>\n<p>The <strong>goal<\/strong> of captcha images is to stop bots from being able to read them, so they might appear a bit difficult to discern even for a human.<\/p>\n<p>In addition, there are other types of authentications out there, such as a Google Verification code. It is a brief code of digits that is directly sent to the person, generally via email or phone.<\/p>\n<p>It is already apparent that users may be needed to submit a confirmation code when attempting to change their password, log in to their accounts for the first time from an unfamiliar device, or establish a new account.<\/p>\n<p>It is important to keep in mind that this type of verification code is not restricted to Google, which is only one of several such alternatives. <\/p>\n<p>A verification code service can be provided by any service to website producers and users. These services, such as <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-two-factor-authentication-2fa/">two-factor authentication (2FA)<\/strong><\/a>, are routinely utilized for both traditional banking and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrency accounts that demand a high level of protection.<\/p>\n<p>All in all, there are firms that utilize verification code for their account creator <strong>as an additional layer of protection.<\/strong><\/p>","definition":"acts as a layer of security whose main goal is to deny access to internet bots.","status":"published","meta_title":"What is Verification Code? Definition & Meaning | Crypto Wiki","meta_description":"Verification Code meaning: Verification Code - acts as a layer of security whose main goal is to deny access to internet bots.","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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Standards","status":"published","modified_content":null},{"chapter_id":3,"order":5,"slug":"how-to-buy-crypto","title":"From Fiat to Crypto: How to Buy Crypto for the First Time","status":"published","modified_content":null},{"chapter_id":3,"order":6,"slug":"fiat-to-crypto","title":"Taking Profits: Turning Crypto Into Fiat","status":"published","modified_content":null},{"chapter_id":3,"order":7,"slug":"how-to-use-crypto","title":"You\u2019ve Got Crypto: What Can You Do With It?","status":"published","modified_content":null}]},{"id":4,"title":"Crypto Wallets","slug":"crypto-wallets","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-wallets.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-wallets-101.jpg","rating":80,"sections":[{"chapter_id":4,"order":1,"slug":"what-is-a-crypto-wallet","title":"What is a Crypto Wallet?","status":"published","modified_content":null},{"chapter_id":4,"order":2,"slug":"hot-wallet-vs-cold-wallet","title":"Hot Wallet VS Cold Wallet: Which One to Pick?","status":"published","modified_content":null},{"chapter_id":4,"order":3,"slug":"non-custodial-wallet","title":"What are Non-Custodial Crypto Wallets?","status":"published","modified_content":null},{"chapter_id":4,"order":4,"slug":"what-is-metamask","title":"Metamask: The Leading Non-Custodial Wallet","status":"published","modified_content":null},{"chapter_id":4,"order":37,"slug":"how-safe-is-cryptocurrency","title":"The Key Crypto Wallet Safety Practices: How Safe Can Crypto Be?","status":"published","modified_content":null}]},{"id":5,"title":"NFTs","slug":"nfts","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-nfts.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/nfts-101.jpg","rating":100,"sections":[{"chapter_id":5,"order":2,"slug":"how-to-trade-nfts","title":"NFT Trading: 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(NFTs)?","status":"published","modified_content":null},{"chapter_id":6,"order":1,"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","status":"published","modified_content":null},{"chapter_id":6,"order":2,"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","status":"published","modified_content":null},{"chapter_id":6,"order":3,"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","status":"published","modified_content":null},{"chapter_id":6,"order":4,"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","status":"published","modified_content":null},{"chapter_id":6,"order":5,"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","status":"published","modified_content":null},{"chapter_id":6,"order":6,"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart 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current-chapter="V"
current-section="what-is-verification-code">
