1. Aiwaka AdventuresHome
  2. Metaverse Matters

What currency does “sin” represent?

• Metaverse Matters • 95 views

What currency does \”sin\” represent? \”Sin\” is a digital asset that possesses the

What currency does sin represent?

What currency does “sin” represent? “Sin” is a digital asset that possesses the characteristics of decentralization and programmability. The native token of Bitcoin, BTC, is called “Bitcoin Gold” because it is a digital asset that can be converted or traded with fiat currencies without permission (i.e., it does not support smart contracts). For example, Bitcoin’s proof-of-stake rewards provide income to miners; DEFI protocols on Ethereum allow users to mine using Ethereum-based applications; and Staking rewards on the Bitcoin Cash network depend to some extent on miners’ support for network resources without the involvement of any third party. (source: Cointelegraph)

What currency does “s” represent?

What currency does “s” represent and how is it described? “S” is a novel investment marker that connects the value of one project or institution with another project in a very simple way. It can be divided into three types: simple transaction tokens and stable digital assets (Stablecoins). In short, it is a form of investment portfolio issuance using a basket of currencies, and this “s” is often used to judge the price trend of a specific commodity. For example, when Bitcoin exceeded $10,000 at the end of 2017, its price skyrocketed to nearly $20,000, and Ethereum surpassed $2,000 in March of this year.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/08/12/what-currency-does-sin-represent/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/12/2023 08:27
Next 08/12/2023 08:50

Recommended articles