Community post
What is a cryptocurrency?
My definition of cryptocurrency is different from yours. And I like my definition more:
Cryptocurrency is money with superpowers. For example, if fiat currency like USD is Bruce Wayne, then think of cryptocurrency like BTC as Batman. Similarly, a shitcoin is a cryptocurrency with no superpowers.
To illustrate my definition with examples:
- Bitcoin’s (the first cryptocurrency) superpowers were near free transactions that could be made electronically and with no restrictions.
- The Golix Token’s superpower is cheaper transaction fees on golix.com. In some cases, the Golix Token gets you zero transaction fees (cool huh?).
- Ethereum’s superpower is creating contracts that cannot be breached because they are enforced by computer programs (which cannot go back on their word, like human beings do).
Replies (2)
Congratulations @tkembo! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Congratulations @tkembo! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!