An investor’s perspective on Bitcoin - examining the potential risks and lucrative rewards of investing in the world's first and most popular cryptocurrency.
Many cryptocurrencies were created to facilitate work done on the blockchain they are built on. For example, Ethereum's native digital coin, ether (ETH), was designed to be used as payment for validating transactions and opening blocks. When the blockchain transitioned to proof-of-stake in September 2022, ether inherited an additional duty as the blockchain's staking mechanism.
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The XRP Ledger's native cryptocurrency, XRP, is designed for financial institutions to facilitate transfers between different geographies.
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