Shrawan Kumar Nepali (superstarskn)

recast:farcaster://casts/0x415123dd67d6e44443355902a6cf942fd0589df976ed3ad1a03801396d049c62

• 0 replies
• 0 recasts
• 0 reactions

recast:farcaster://casts/0x1d5b1c377fdc1c7197ba111ceff914d8f73a36fd4cb7c3b5d483e8a887e8861f

• 0 replies
• 0 recasts
• 0 reactions

The first major type of cryptocurrency is payment cryptocurrency. Bitcoin, perhaps the most famous cryptocurrency, was the first successful example of a digital payment cryptocurrency. The purpose of a payment cryptocurrency, as the name implies, is not only as a medium of exchange but also as a purely peer-to-peer electronic cash to facilitate transactions. Broadly speaking, since this type of cryptocurrency is meant to be a general-purpose currency, it has a dedicated blockchain that only supports that purpose. It means that smart contracts and decentralized applications (Dapps) cannot be run on these blockchains. These payment cryptocurrencies also tend to have a limited number of digital coins that can ever be created, which makes them naturally deflationary. With less and less of these digital coins can be mined, the value of the digital currency is expected to rise.

• 0 replies
• 0 recasts
• 0 reactions

recast:farcaster://casts/0xc2f6d1fae54431741ca50b9a00c19c92ba16127adf28f912488e65d6c76d0322

• 0 replies
• 0 recasts
• 0 reactions