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  2. Explainer: What common cryptocurrency terms mean - AOL

    www.aol.com/finance/explainer-common-crypto...

    A type of cryptocurrency inspired by internet memes, pop culture or social media trends. Unlike mainstream cryptocurrencies like Bitcoin or Ethereum, memecoins often lack a clear utility or ...

  3. From Bitcoin to XRP: Key cryptocurrency terms and what ... - AOL

    www.aol.com/bitcoin-xrp-key-cryptocurrency-terms...

    Cryptocurrency firm Terraform, behind the crashed TerraUSD and Luna tokens, files for bankruptcy XRP It was created by the co-founders of financial services company Ripple Labs in 2012 as a ...

  4. Cryptocurrency - Wikipedia

    en.wikipedia.org/wiki/Cryptocurrency

    Cryptocurrency is produced by an entire cryptocurrency system collectively, at a rate that is defined when the system is created and that is publicly stated. In centralized banking and economic systems such as the US Federal Reserve System , corporate boards or governments control the supply of currency.

  5. What Is Cryptocurrency and How Does It Work? Your Guide - AOL

    www.aol.com/know-investing-crypto-130008571.html

    Cryptocurrency is a digital payment mechanism based on the concept of decentralization -- meaning it is not regulated by a central authority, like a government -- which sets it apart from ...

  6. Token money - Wikipedia

    en.wikipedia.org/wiki/Token_money

    Token money, or token, is a form of money that has a lesser intrinsic value compared to its face value. [1] [2] Token money is anything that is accepted as money, not due to its intrinsic value but instead because of custom or legal enactment. [3] Token money costs less to produce than its face value. [3]

  7. Bitcoin - Wikipedia

    en.wikipedia.org/wiki/Bitcoin

    Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person. [5] Use of bitcoin as a currency began in 2009, [6] with the release of its open-source implementation. [7]: ch. 1 In 2021, El Salvador adopted it as legal tender ...

  8. Initial coin offering - Wikipedia

    en.wikipedia.org/wiki/Initial_Coin_Offering

    This can depend on the nature of the cryptocurrency itself. There are two main types of cryptocurrencies from a regulatory perspective: utility tokens and asset-backed tokens. Utility tokens may have value because they enable the holder to exchange the token for a good or service in the future, such as Bitcoin. Asset-backed tokens may have ...

  9. How nonfungible tokens work and where they get their value ...

    www.aol.com/news/nonfungible-tokens-where-value...

    Nicolas Asfouri/AFP via Getty ImagesTakeaways · Nonfungible tokens prove ownership of a digital item – image, sound file or text – in the same way that people own crypto coins. · Unlike ...

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