For example, BTC was created as an electronicpeer-to-peer(P2P) currency that people can transfer and spend without having to interact with an intermediary body such as a bank. Meanwhile, ETH is spent on transaction fees on the Ethereum blockchain whenever users want to interact withdecentralize...
ARMY is a meme coin on the XRP Ledger (XRPL) that has recently made waves in the crypto community. It takes its name from the “XRP Army,” the loyal and outspoken supporters of XRP, and has quickly become a focus for traders looking for speculative opportunities within the XRPL ecosyste...
Cryptocurrency is a type of virtual or digital currency that employs cryptography for security. Learn more about what crypto currency / crypto money is, how it works, and how secure it is.
In the crypto world, an airdrop works the same way. A new blockchain project wants people to know about it, so they “drop” free tokens into the digital wallets of potential users. Sometimes, all you need to do is hold a specific token or sign up with interest, and voila! You get...
What is money?Money is any item serving as a unit of account that's widely accepted as something that can be exchanged for a good or service. Most money started as commodity money, a currency with some intrinsic value, such as gold. However, today, most money is considered fiat money, ...
"While the crypto reserve announcement was a bullish catalyst for crypto prices in the short term, its long-term impact remains questionable. For one thing, no actual details have been disclosed yet," Puckrin said. That said, the creation of digital currency reserve is a milestone moment for...
Bitcoin may be digital cash, but it has a lot in common with the paper currency you carry with you. Both BTC and fiat money can be bought, sold, traded, or stored in a wallet. A Bitcoin wallet is a digital wallet. Using this guide you’ll be able to set up your own secure Bitco...
A rug pull is a scam where a cryptocurrency or NFT developer hypes a project to attract investor money, only to suddenly shut down or disappear, taking investor assets with them. The name comes from the idiom “to pull the rug out” from under someone, leaving the victim off-balance and...
Compared to other cryptocurrencies like BTC and ETH, DOGE holds a unique spot in the market. While Bitcoin is often viewed as digital gold andEthereumas a platform for decentralized applications, Dogecoin has carved out its place as the internet’s favorite meme currency. ...
“it shall be”. Hence a fiat currency is anything that the government declares “let there be value, by law and regulation”. Intrinsically fiat money has no value. Imagine you are the richest person from country X. Country X has the currency CXD. When the government of country X falls...