Sentences with phrase «units of a particular cryptocurrency»

Token - Token is a word often used interchangeably with cryptocurrencies, or single units of a particular cryptocurrency, but tend to represent a digital asset, utility, or equity that runs on top of another blockchain.

Not exact matches

With the rise of cryptocurrencies, the term «coin» has come to refer to individual units of account within a particular cryptocurrency.

While some people use bitcoin or other cryptocurrencies simply because they have no other option available to them for a particular type of transaction, Peetz and Mall argue that bitcoin is not a transactional currency — mainly due to its inability to act as a reliable unit of account.