Cryptocurrency desktop background

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A heat map is used only when preliminary information is required. You can consider a heat map to be a method of visualization that showcases a specific data point or dataset, and has specific use cases. Heat maps are used for data analysis and can involve a high level of optimization in order to deliver as much data to the viewer as possible.

Think of a heat map along the lines of a data-driven paint based on numbers on a canvas that is overlaid on an image. An image is divided into a grid and in each square, the heat map allows the relative intensity of the values to be captured by your eye tracker by assigning each value a color presentation. How Are Heat Maps Used?

Heat maps are ways through which you can determine where liquidity is in the market and how the liquidity providers are behaving. It is a way to determine where the actual orders in the market are made. The heat map is essentially a visual representation of the limit orders that are put into the order book. There are different kinds of heat maps, and many have different color schemes which can be used to illustrate the heat map. This gives perceptual advantages and disadvantages.

For example, rainbow color maps are often used due to the fact that people can perceive more shades of color than they can of gray, which increases the amount of detail that is perceivable by a specific image. Keep in mind that heat maps are used in various forms of analytics, like showing prices of an asset like on CoinMarketCap; however, they are also used with the intention of showcasing user behavior on specific web pages or website templates.

In fact, heat maps can even be used to showcase where users have clicked on a page, or how far they have scrolled, or are used to display the results of different tests. Within business architectures, professionals use heat maps to identify the level of performance the different divisions in the company have, to set investment priorities and to highlight areas of concern. The benefits here include enhanced communication, high engagement and the ability to derive valuable insights from vast data sets.

It has user-friendly interface and is suitable for both new and experienced crypto enthusiasts. How to set up Exodus desktop wallet Creating Exodus wallet is extremely easy. Step 3: Once you have downloaded the software, follow the on-screen instructions and finish the installation process. Step 4: After you have finished your installation, go to the menu section on the left-hand side and click on the wallet option. Step 6: Copy the wallet address example:qzdh0kdpp28ptv4dqqlg0n9nj2xpdyp0dtkcn0 and use it to send crypto funds from your other existing mobile wallet to this address.

This is the most important step in order to activate your wallet. You will be able to create your password and go through the backup process. Write down on a piece of paper the backup word seed phrase in a correct order. Then store it safely in a place that is accessible only to you. Step 8: Congratulations! Your wallet is now activated and ready for use. How to manage your Exodus Wallet?

Managing your wallet is quite simple. As soon as you access your wallet, you are presented with a dashboard. In the portfolio section, you will be able to see all your digital assets and a pie chart of your entire portfolio based on its real-time value. The wallet option allows you to send and receive cryptocurrencies.

If you wish to convert one crypto asset to another, select the exchange option and choose the cryptocurrency that you wish to convert. Additionally, you can go to the Settings menu and change the theme of your desktop background or set your preferred local currency. In the Help section, you can find answers to many questions and access useful Exodus tutorial videos. Bottom line Hopefully, you have learned how to set up your desktop digital cryptocurrency wallet.

And now you are ready to receive or send your first Bitcoin. However, before you can start using bitcoins, you will need to acquire them first. In my future articles, I will tell you how you can do that by registering and buying from cryptocurrency exchanges. Desktop wallets are considered to be convenient for storing and using cryptocurrency. They are safe and suitable for daily online purchases and transactions.

However, if you are planning to store funds for a longer-term then you should look into buying a hardware wallet. Looking for another off-line desktop wallet? Armory is one of the most advanced and secure off-line desktop wallets to store your single cryptocurrency. Next article: Major Bitcoin bubbles Have you found this article interesting and want to learn more about Bitcoin and how to invest in cryptocurrency?