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A meme coin (also spelled memecoin) is a cryptocurrency that originated from an internet meme or has some other humorous characteristic. [1]The term is sometimes used interchangeably with the term shitcoin, which typically refers to a cryptocurrency with little to no value, authenticity, or utility. [2]
Individual coin ownership records are stored in a digital ledger or blockchain, which is a computerized database that uses a consensus mechanism to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. [3] [4] [5] The two most common consensus mechanisms are proof of work and proof of ...
SafeMoon was released in March 2021. A compound of "Safe" and "Moon". The token was released with the slogan of landing "Safely to the moon", derived from the slang phrase used in the cryptocurrency community; "To the moon" which is used to describe a crypto token "to quickly rise in price".
The USD value of the collateral at any given time divided by the amount of DAI borrowed is the loan's "collateralization ratio"; this is calculated using the USD price of a unit of the collateral asset as reported regularly to a contract by a set of decentralized oracles. Each loan type has a fixed minimum collateralization ratio, which is ...
Bitconnect was released in 2016 to allow users to lend the value of Bitconnect Coin in return for interest payments. The marquee program was the so-called lending platform where users traded Bitcoin for Bitconnect Coin and could lock in the instantaneous value of the coin for a set period of time while earning interest calculated daily.
CoinDesk was founded by entrepreneur Shakil Khan and began publishing in May 2013. [3] Khan is also an investor in BitPay, [4] a bitcoin payment processor.. At the start of 2016, CoinDesk was acquired by Digital Currency Group for an estimated US$500,000–600,000. [5]
EDX Markets is an institutional cryptocurrency exchange owned by Citadel Securities, Fidelity Digital Assets, Charles Schwab Corporation, Virtu Financial and Sequoia among others.
The value transfer protocol IOTA, named after the smallest letter of the Greek alphabet, was created in 2015 by David Sønstebø, Dominik Schiener, Sergey Ivancheglo, and Serguei Popov. [ 1 ] [ 9 ] Initial development was funded by an online public crowdsale, with the participants buying the IOTA value token with other digital currencies. [ 2 ]