Sentences with phrase «coins as the currency»

You can consider the coins as the currency for using the apps built on top of them.

The ancient world did not have paper money, but used coins as currency.

Not exact matches

«The coins will change over time as the demand for whatever currency changes,» Hoffner said.

For the platinum coin idea to work, the Federal Reserve would have to treat it as a legal way for the Treasury Department to create currency.

In the world of crypto - currencies — the most famous of which is bitcoin — the hottest trend is what's called an «initial coin offering,» in which companies sell crypto - currency tokens to their supporters as a method of crowdfunding.

Indiegogo founder and former CEO Slava Rubin discusses the crowdfunding site's new service for initial coin offerings as well as what he sees for the future of blockchain - based technology and currencies.

So should it be subject to the same federal banking rules as traditional paper and coin currency?

Typically these offerings involve the opportunity for individual investors to exchange currency such as U.S. dollars or cryptocurrencies in return for a digital asset labeled as a coin or token.

Here's one of the more challenging parts of this to grasp: when we're talking about digital currency such as Bitcoin, there's no repository of coins — that line item in the record book is the money.

Colored coins can be used to represent anything, such as stocks, bonds, smart properties, securities, precious metals, commodities, other currencies (such as dollars, pounds or euros), and even other crypto - currencies.

Litecoin enthusiasts have long suggested that the crypto currency, which is designed to have four times the number of coins as Bitcoin, will eventually reach 0.25 LTC / BTC.

«From the date of release of this Notice, any so - called platform that provide trading and exchange services for coin offering shall not engage in exchange businesses between legal tender and token or «virtual currency»; or engage in proprietary trading activities or trading as an central counterparty of tokens or «virtual currencies»; or provide pricing services or act as information intermediary for tokens or «virtual currencies.»»

FinCEN's regulations define currency (also referred to as «real» currency) as «the coin and paper money of the United States or of any other country that [i] is designated as legal tender and that [ii] circulates and [iii] is customarily used and accepted as a medium of exchange in the country of issuance.»

Altcoin is a combination of two words: «alt» and «coin»; alt is short for alternative and coin as to do with currency; together they imply a category of cryptocurrency that is alternative to Bitcoin itself.

Bank of England governor Mark Carney said this week that the G20 needed to consider how easily digital coins should be converted into other central - bank issued currencies, as well as the role of anonymity, as «a lot of the underlying use of these currencies has been illicit activity».

When considering the cryptocurrency world, it will be vital to distinguish between digital assets that function as coins (currency), tokens (which provide utility), and securities (that enable investment opportunities).

Obviously, bitcoin is worth much more today, as the digital currency surges past $ 4,000 per coin.

While «bit» hints at the currency's digital nature, «coin» appropriately captures how the computational instrument is actually used by society — as a currency.

Since bitcoin is the world's largest cryptocurrency and because it employs the suffix «coin,» I will define a coin as a digital asset that functions as a currency.

Other counterarguments describe Fiat currency creation and distribution costs, such as printing bills or minting coins or the cost of building a bank or credit union branch, however the latter argument is less impactful given that substantial number of branches that have already closed and are projected to close over the next decade as consumer preferences switch to mobile banking.

This finite number of coins means that Bitcoin will be deflationary as opposed to the inflation experienced with traditional currencies.

If they are to succeed — not only as a fringe medium of exchange or speculative investment, but as real competitors with government currencies — some new programmers are going to have to come along and make currencies whose digital coins are created in a much different manner than the current ones.

The FINCEN definition of currency: The coin and paper money of the United States or any other country that is (1) designated as legal tender and that (2) circulates and (3) is customarily accepted as a medium of exchange in the country of issuance.»

March, Igoche said that if digital currency not backed by any physical commodity such as gold or precious stone, are not classified as currency or coins issued by CNB or Central Bank of any other country.

Although popular coins such as bitcoin can be ruled out for most users, currencies such as Monero and Bytecoin are optimized for CPU mining, and pretty much everyone can get a few coins.

If there is nothing that keeps them, they will soon dump the coin for fiat currency or other digital coins as soon as the value grows to a reasonable profit.

Centralized virtual currencies like Facebook Credits, Amazon Coins etc. have an administrator and a central repository, whereas decentralized virtual currencies do not have either, and every transaction is registered in a public ledger known as a block chain.

The crypto currency wallet system of coin metro assists its clients in holding, withdrawing or depositing funds as per their wish.

Some wallets have other features, such as checking live exchange rates to your fiat currency of choice or maintaining various coin balances from different blockchains, but we'll cover these in later sections.

It can't be mined as other currencies can and its worth per coin — despite holding the second largest market cap behind bitcoin — has yet to top $ US4 ($ 5).

When looking into $ PAC's performance in comparison with other digital currencies, we can see that the coin has great potential, as it beats the largest cryptocurrency by market cap in terms of features.

During the last couple of months, the digital currency has seen an interesting evolution, as it has managed to grow from roughly $ 200 / coin to an average of $ 420.

Critics say a lack of certainty around coin valuations undermine the growth of digital currencies as viable methods of payment.

In July of this year, the United States Securities and Exchange Commission (SEC) took a critical first step to rein in the growingly speculative bubble surrounding these start - ups when it issued a report concluding that such coin offerings should be predominantly classified as securities offerings, and hence mandated to fall under registration, disclosure and other requirements that apply to securities, regardless of whether those securities are purchased with virtual currencies or distributed with blockchain technology.

After the boom and bust and boom of bitcoin, the next hot topic in the world of cryptocurrency is initial coin offerings (ICOs), an innovative form of crowdfunding that uses digital currencies as the investing mechanism for startups to raise capital.

For instance, an underling to Russian President Vladimir Putin reportedly pointed to digital currencies as a way to offset strengthening sanctions from the United States given the anonymous nature of some coins, for instance, Monero and Zcash.

The currency's coins trade at a very high price as compared to competing currencies.

Although Gas is somewhat less appreciated in oppose to NEO — Neo is ranked among top ten currencies as the 9th best currency according to global coin report list, while Gas is ranked as number 70 on the list.

While many digital coin «investors» would argue that neither does a dollar, I counter that just about nobody thinks of American cash as an investment, except for perhaps currency speculators.

FX EmpireAlt Coins Price Forecast March 26, 2018, Technical AnalysisFX EmpireThe Bitcoin market struggled again on Friday, as crypto currency markets continue to show signs of weakness.

These currencies held their value well as the worth of the coin was always tied to the weight and the price of the metal used.

On other note, you can actually reduce your risks with cryptocurrency pairs as well, and get exposure only to the relative performance of two coins, and remove the generally huge volatility of coins versus fiat currencies, like Ethereum's swings against the Dollar on the chart above

«The sometimes perplexing domain of digital financial exchanges opens a window into a subject that requires explanation for many of us, hence the detailed definition of cryptocurrency as well as an entry for initial coin offering, which refers to the first sale of Bitcoin - like digital currency,» Merriam - Webster wrote.

Prices for many of the top virtual currencies have dipped, which — as they say, is a great time to buy «buy in a dip» and get more coins for your money, ready for the price to increase in August.

That is how Litecoin dropped down to the seventh spot on the global coin ranking list from its previous place as the sixth - best currency.

Digital currency or digital money is an Internet - based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer - of - ownership.

Only several weeks before, Litecoin was rated as the fifth - best currency, but EOS pushed it down to the spot number 6 on the global coin ranking list.

Now ranked as the seventh - best currency according to the global coin report, which is actually a defeat for LTC, Litecoin is still trading in the green.

1 — XRP coins have various advantages over BTC coins as they have been built for a variety of purposes in mind whereas Bitcoins are a digital currency built over the blockchain technology.

The world's first sovereign - backed digital currency, the petro, made headlines all over the globe this week, drawing both negative and positive attention as it began its initial coin offering on March 20th.