types of crypto Flashcards
(8 cards)
payment currencies?
Used to pay for goods, services and bills.
Payment currencies facilitate transactions in the digital economy.
blockchain economies?
Allows you to create your own digital assets on their platform.
Blockchain economies provide infrastructure for asset creation.
privacy coins?
Digital assets created with a focus on privacy.
Privacy coins enhance transaction anonymity.
stablecoin?
A fixed-price cryptocurrency whose market value is attached to another stable asset.
Stablecoins aim to reduce volatility in cryptocurrency markets.
utility coins?
Used for a blockchain-based product or service.
Utility coins often grant access to specific features or services.
security coins?
Used for the process of crowdfunding a new blockchain / cryptocurrency project.
Security coins often represent investment opportunities.
non-fungible tokens?
A cryptographic token that represents something unique and is not mutually interchangeable.
Non-fungible tokens are commonly used for digital art and collectibles.
Decentralised Finance?
Blockchain-based form of finance that does not rely on central financial intermediaries.
Decentralised Finance aims to create an open financial system.
