Beyond a method for payment as purposely designed, what are other functions of cryptocurrencies?
Cryptocurrency value can be pegged to underlying asset such as U.S. dollar, central bank digital currencies, privacy coins (senders and receivers are anonymous), governance tokens (gives owners the right to vote in decisions regarding blockchain’s future development), utility tokens, and non-fungible tokens (distinct characteristics from all others). This is from a developer/development side. Of course, there are also investors and speculators who are hoping for appreciation. It is very important you know the intent and functionality of cryptocurrency you own or are considering owning.
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