Currencies
This Sector includes crypto assets that serve at least one of three fundamental roles – as a medium of exchange, store of value, and unit of account.
Currencies:
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Decentralized Nature: Cryptocurrencies operate outside traditional banking systems, with reduced control by central authorities.
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Security and Transparency: Leveraging cryptographic techniques, they aim to offer secure and transparent transactions.
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Global Reach: Cryptocurrencies have the potential for global adoption, transcending national borders.
Representative Assets*
Often dubbed "digital gold," Bitcoin is the pioneering cryptocurrency that introduced the concept of decentralized digital money. Similar to gold serving as a store of value outside traditional currencies, Bitcoin offers a decentralized store of value free from centralized controls.
Designed for instant global transfers, Ripple places itself as the bridge between different fiat currencies worldwide, aiming to expedite cross-border transactions.
Often referred to as the digital silver to Bitcoin's digital gold, Litecoin is a cryptocurrency that historically has had faster transaction times and a more efficient mining process than Bitcoin. Designed for everyday use, Litecoin may cater to those seeking a rapid and widely-accepted cryptocurrency for various online transactions.
Envisioned as an enhanced version of Bitcoin, Bitcoin Cash aims to serve as a medium for daily transactions. It addresses the limitations of Bitcoin by increasing block sizes, ensuring quicker transaction speeds, and making it a more user-friendly digital currency for both consumers and merchants.
* Representative assets are for illustrative purposes only and are subject to change.