Threads: 29
Replies: 43
What do we know about cryptocurrency?
Dec 3rd 2021
Bitcoin (Bitcoin) - the first cryptocurrency. It was released in 2009 by a person (or group of people) hiding under the pseudonym Satoshi Nakamoto. At the moment, Bitcoin is the leader of the crypto market with a share of 59%.

Cryptocurrency is a digital asset and at the same time a payment system that uses a cryptographic function to encrypt records. Cryptocurrencies are based on distributed ledger technology - blockchain. Cryptocurrency is considered an alternative to fiat money issued by the government.

Stablecoin is a fixed rate token. Most often, the quotes of such coins are pegged to the dollar. There are other options as well. For example, Tether released the XAUT stablecoin, which costs as much as one troy ounce of gold.

A token is a digital asset that is related to a specific project and is issued based on a cryptocurrency. For example, based on the Ethereum blockchain platform, you can create ERC20 tokens, including the well-known stablecoin USDT.

Shitcoin is a coin issued by scammers. This is also the name of unpromising cryptocurrencies.

Ether, Ethereum is the leading altcoin in terms of capitalization. It was released by developer Vitalik Buterin in 2015.
Dec 3rd 2021
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