(LIQ)

LIQ is the ticker of this coin — the short 'name' you'll see on exchanges and price trackers. Like any cryptocurrency, it's a blockchain-based asset you can send and receive peer-to-peer. What sets one coin apart from another comes down to its specific use case and token design, which the project's official documentation spells out.

Like all cryptocurrencies, LIQ relies on a distributed network of computers that jointly verify transactions and record them on a shared ledger, the blockchain. Consensus mechanisms — most commonly Proof of Work or Proof of Stake — keep that ledger consistent without a central authority. For the exact mechanism LIQ uses, the project's whitepaper is the definitive source.

Cryptocurrencies handle emission in one of two broad ways: a hard-capped supply that can never grow, like Bitcoin, or an ongoing release of new coins through mining or staking rewards. Which model LIQ follows is defined in its tokenomics documentation. You can usually verify the actual circulating supply yourself on a public block explorer.

You keep LIQ in a crypto wallet that supports the network it runs on — anything from a mobile app to a hardware wallet for larger amounts. The golden rule: back up your seed phrase offline and never share it with anyone. From a wallet, you can send LIQ to other people, move it to an exchange that lists it, or simply keep it in storage.