Sentences with phrase «created as an alternative currency»
Bitcoin is created as an alternative currency or a cryptocurrency while ethereum is public blockchain platform for the execution of decentralized smart contracts.
http://www.bitcoinprice.com/ Not exact matches
The confidence in Bitcoin may break as a result of unexpected changes such as: unfavorable legal regulations, banning electronic legal tenders, introducing the prohibition on trading in virtual currency in specific areas, imposing high taxes, creating competitive alternative currencies, deflation, and other factors which may significantly affect the shaping of the exchange rate of Bitcoin against other currencies.
China has long been a major hub for bitcoin, which was created by an anonymous programmer during the depths of the 2008 financial crisis as an alternative to official currencies.
Some alternative currencies have been created in response to a lack of long - term confidence in monetary methods of exchange; some as a community hedge against inflation; others merely as a medium of exchange between members of a physical or virtual community, among other reasons.»
It is a digital currency that was designed to act as an alternative to traditional money which is created and managed by a central authority.
With PayPal proving that the web is a viable medium for transferring currency, similar services were created, such as WebMoney (a Russian PayPal alternative) and e-Gold, an American corporation that let users buy gold online — gold that it would then hold for them.