Let's Better Understand the Different Types of Cryptocurrency and Tokens
Cryptocurrency is decentralized, relying only on the peer-to-peer community computer network made up of users’ machines or “nodes” That means it is independent and not governed by a central bank or monetary authority. Bitcoin is accepted as a means of payment for products sold or services provided that works just like fiat currency. Altcoins, web3 tokens, ICO tokens, ERC20-tokens, DeFi-takens, stablecoins, and stablecoins are all different from Bitcoin.
Bybit is one of the fastest growing cryptocurrency derivatives exchanges, with more than a million registered users.
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