dido:public:ra:xapend:xapend.a_glossary:c:coins
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| ===== Coins ===== | ===== Coins ===== | ||
| - | [[dido:public:ra:xapend.glossary| Return to Glossary ]] | + | [[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]] |
| - | **Coins** (that are also often called altcoins or alternative cryptocurrency coins) are digital money, created using encryption techniques, that store value over time. Basically it is a digital equivalent of money. Bitcoin is the most famous example. Bitcoin is based on blockchain — public and distributed digital ledger, where all transactions can be seen. Data is stored collectively and shared between participants of blockchain network. Blockchain guarantees transparency and reduces fraud. | + | **Coins** (also often called //altcoins// or //alternative [[dido:public:ra:xapend:xapend.a_glossary:c:cryptocurrency|cryptocurrency]] coins//) are digital money, created using [[dido:public:ra:xapend:xapend.a_glossary:e:encryption|encryption]] techniques, that store value over time. Basically they are the digital equivalent of money. [[dido:public:ra:xapend:xapend.a_glossary:b:bitcoin|Bitcoin]] is the most famous example. Bitcoin is based on [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain|blockchain]] — public and distributed digital [[dido:public:ra:xapend:xapend.a_glossary:l:ledger|ledger]] — where all transactions can be seen. Data is stored collectively and shared between participants of a [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain_network|blockchain network]]. Blockchain guarantees transparency and reduces fraud. |
| - | Coins have the same characteristics as money: they are fungible, divisible, acceptable, portable, durable and have limited supply. Most ambitious crypto enthusiasts insist that coins will replace conventional money in the future. | + | Coins have the same characteristics as money: they are [[dido:public:ra:xapend:xapend.a_glossary:f:fungible|fungible]], divisible, acceptable, portable, durable and have limited supply. Most ambitious crypto enthusiasts insist that coins will replace conventional money in the future. |
| - | The main characteristics of coins are: | + | The main characteristics of coins are that they: |
| - | - they are tied to public-open blockchain — anyone is allowed to join and participate in the network; | + | - Are tied to public-open blockchain — anyone is allowed to join and participate in the network; |
| - | - they may be sent, received or mined. | + | - May be sent, received or mined. |
| Coins are not meant to perform any functions beyond acting as money. | Coins are not meant to perform any functions beyond acting as money. | ||
| - | Compare to [[dido:public:ra:xapend.glossary:t:tokens]] | + | Compare to [[dido:public:ra:xapend:xapend.a_glossary:t:tokens|tokens]] |
| - | + | ||
| - | Source: [[https://medium.com/@bonpay/what-is-the-difference-between-coins-and-tokens-6cedff311c31 | Coins ]] | + | |
| + | Source: [[https://medium.com/@bonpay/what-is-the-difference-between-coins-and-tokens-6cedff311c31 ]] | ||
dido/public/ra/xapend/xapend.a_glossary/c/coins.1588919321.txt.gz · Last modified: 2020/05/08 02:28 by 52.45.51.99
