Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It was designed to work as a decentralized digital currency without a central bank or single administrator, though in practice many aspects of its use are centralized.
Bitcoins can be sent from user to user on the peer-to-peer bitcoin network directly, without the need for intermediaries, though intermediaries are widely used. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009.
cited from Wikipedia, April 25, 20y18
Bitcoin is a standalone currency, completely independent of traditional currencies such as the koruna, the euro, etc. The bitcoin value – like most other currencies – is based only on demand and supply on the market and is therefore given economic equilibrium.
cited from Wikipedia, April 25, 2018
Litecoin is an alternative digital currency and a payment decentralized P2P network based on bitcoin. Litecoin began using scrypt as the first algorithm. Abbreviation Litecoin is LTC. The creator of Litecoin is Charles Lee. An important feature of Litecoin is full decentralization – it is designed so that no one can influence, destroy, fake, confiscate accounts, control cash flows, or inflate the currency. There is no central point that could make decisions about the network. The Liteco code is released as an open source.
cited from Wikipedia, 25.4.2018. translated
The Litecoin blockchain is capable of handling higher transaction volume than its counterpart – Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
cited from litecoin.org, 26.8.2018
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.
This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
cited April 25, 2018 (https://ethereum.org)
Tether (USDT) is a cryptocurrency stablecoin pegged to the U.S. dollar and backed „100% by Tether's reserves,“ according its website.
Tether is owned by iFinex, the Hong Kong-registered company that also owns the crypto exchange BitFinex.
Citation from Znvestopedia.com, 25.6.2022
USD Coin (USDC) is a fully-backed, highly transparent stablecoin issued by Circle and Coinbase through the Centre Consortium. Pegged 1:1 to the US dollar, USDC offers users a reliable and secure digital dollar that can be used across a wide array of applications in the cryptocurrency ecosystem. Known for its regulatory compliance and regular audits, USDC is a preferred choice for traders, institutions, and developers seeking a stable and trustworthy digital asset for trading, payments, and decentralized finance (DeFi) activities.
We would like to make the cryptos available to everyone and therefore we have decided to come up with an exchange to give our customers more choice and a greater choice of cryptocoins. We perceive cryptographic money, digital currencies and electronic money as a new network whose value rises with the number of its users. Our goal is to increase the possibility of adopting and using cryptocurrencies (Bitcoin and Altcoin).
We are trying to bring to the Czech market an opportunity to simply buy or sell e-cash without much difficulty. We want users to have better and easier use of digital currencies. The DEX GlobalPay exchange is built on your interest, so do not hesitate to tell us or to report any dissatisfaction or lack, we want to get a chance to fix it.
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