Crypto currency: a means of exchange

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doaausef3li
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Lid geworden op: 19-03-2021 19:55

Crypto currency: a means of exchange

Bericht door doaausef3li » 24-03-2024 06:31

Before we discuss one of the characteristics of crypto, we must first know what crypto is, as it is considered a digital asset used by merchants to barter their goods, so it is similar to money, but in a digital way, and the crypto currency has 3 basic characteristics to consider it a digital means of monetary currency, and these characteristics are: -
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A means of exchange: Crypto currency is used to facilitate various types of exchange, so you can use it to pay for services or goods.
Unit of account: Using the crypto currency, you can measure the value of various services and goods. This makes it easy to measure the value of services against their equivalent other services through intuition.
Preserving value: Over time, the value of goods and things decreases, so currencies must be able to maintain their market value for a long time so that the holder can use them to exchange between goods. As a result of the limitations of its currencies, the crypto currency is considered a large store of value.

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