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| Encyclopedia of cryptocurrencies (electronic currencies)
The "Library" Section"
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What is Tether (USDT) in simple terms
Tether (Tezer or Teaser) is a cryptocurrency using the bitcoin blockchain. The coin is pegged to fiat money, including the dollar, euro and Japanese yen. It is used to carry out various financial transactions. The token is issued by the Tether Limited corporation, which claims that the coin is backed by a real stock of assets in accounts, in other words, 1 million tokens is equal to 1 million fiat money.
2019-09-06
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What is Bitcoin Diamond (Bitcoin Diamond) in simple words
Bitcoin Diamond is a Bitcoin fork designed to improve network privacy and reduce transaction costs. In this digital currency, block sizes have been replaced as well as the development algorithm. Bitcoin Diamond hard fork became possible due to the efforts of 2 teams: 007 and EVEY, dissatisfied with the properties of electronic gold.
2019-09-06
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What is Binance Coin (BNB) in simple terms
Answering the question, What is Binance Coin? we can say that this is a coin originally created on the basis of Ethereum. Using it, you can take advantage of discounts when paying for the services of the Binance crypto exchange. In the future, Binance will turn into a decentralized exchange of blockchain assets. In addition, users who have BNB crypto coins on their accounts can take advantage of innovative features that are planned to be implemented when the decentralized crypto exchange is launched.
2019-09-06
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What is TrueUSD (TUSD) in simple words
This coin is a stablecoin. This means that the currency is pegged to ordinary money or other valuable commodities such as oil, gold, etc. Therefore, TrueUSD is more resistant to fluctuations in the exchange rate. The cryptocurrency is issued by the TrastToken platform. It guarantees the full provision of assets with fiat money.
2019-09-05
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What is USD Coin (USDC) in simple words
USD Coin is a cryptocurrency that is better known by the name USDC. It is presented in real dollars, but digitally. In the crypto world, such a currency refers to stablecoins - a coin that depends on fiat money and its rate. Many traders are accustomed to using Tether, since there is a peg in the price of the dollar, which simplifies transactions with real funds and helps to monitor the profitability of cryptocurrency assets.
2019-09-04
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What is Augur (REP) in simple terms
Augur (REP) cryptocurrency is a decentralized Ethereum-based platform whose main purpose is to shape prediction markets. The fundamental concept of this platform is the ability to place bets on any real-life events using exclusively digital assets with the REP ticker or the so-called reputation tokens.
2019-09-02
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What is Huobi Token (HT) in simple terms
Huobi Token (HT) is the proprietary virtual currency of one of the largest cryptocurrency exchanges, Huobi Pro. The currency was developed to reduce the fees that are paid by token holders for trading on the exchange. In addition, the token is used in the point system when new coins enter the exchange.
2019-09-02
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What is Proof of Stake and Proof of Work
Havent met the concepts of Proof of Stake and Proof of Work yet? Amazing! The modern digital economy implies various types of data authentication. These two concepts are closely related precisely to confirmation.
2019-09-01
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