What are the forms of virtual currency? How many forms are there of virtual currency?-web3.0-php.cn

What are the forms of virtual currency?

Apr 12, 2024 pm 05:19 PM

BlockchainBitcoincryptocurrencyEthereumLitecoindigital currencyBlockchain technologyStablecoinusdtDogecoinAltcoinsTetherRipple

Virtual currencies mainly come in the following forms: 1. Bitcoin (BTC): based on blockchain technology, limited circulation (21 million coins); 2. Ethereum (ETH): blockchain platform, allowing the establishment of decentralized dApps, unlimited circulation; 3. Litecoin (LTC): fast transactions, low fees, limited circulation (84 million pieces); 4. Ripple (XRP): designed for inter-bank remittances, Fast, low-cost, unlimited issuance; 5. Tether (USDT): a stable currency pegged to the US dollar, unlimited issuance.

What are the forms of virtual currency?

#What are the forms of virtual currency?

Virtual currency, also known as cryptocurrency, is a decentralized digital currency that is not regulated by governments or financial institutions. The main forms include:

1. Bitcoin (BTC)

is the most famous virtual currency, created in 2009.
Based on blockchain technology, it is generated by miners through complex mathematical operations.
Has a limited circulation (21 million pieces).

2. Ethereum (ETH)

Created in 2015 by Vitalik Buterin.
is not only a virtual currency, but also a blockchain platform that allows developers to build decentralized applications (dApps).
Have a large circulation (no upper limit).

3. Litecoin (LTC)

Created in 2011 by former Google employee Charlie Lee.
Similar to Bitcoin, but with faster transaction confirmation and lower handling fees.
has a large circulation (84 million pieces).

4. Ripple (XRP)

Created by Ripple in 2012.
Specially designed for inter-bank remittances, featuring fast and low-cost transactions.
Has a large circulation (100 billion coins).

5. Tether (USDT)

Created in 2014 by Tether Company.
A stablecoin pegged to the U.S. dollar, designed to maintain a stable currency value.
Has unlimited circulation equal to USD.

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