Fiat-Pegged Cryptocurrency

Por CoinGecko | Atualização: Mar 03, 2020

Certain cryptocurrencies are pegged to an underlying asset, such as the USD Coin (USDC), which is a stablecoin by Coinbase. A USDC token is issued for every $1 kept in Coinbases' reserve. A pegged cryptocurrency can be pegged to any asset and then issued on a blockchain. As long as the cryptocurrency can be redeemed for the underlying asset, it can be considered as a pegged cryptocurrency.

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Related Terms

Secure Asset Fund for Users (SAFU)

A feature created by Binance which contains reserve funds that can be used to reimburse users in case of a catastrophic event (eg. exchange hack)

Directed Acyclic Graph (DAG)

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Mineable

A cryptocurrency is said to be "mineable" when it has the system thrugh which miners can be rewarded with newly-created cryptocurrencies for creating blocks.

Nonce

It means ‘umber that only used once’ (a number that is only used once) and it is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.

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