virtual currencies
Online-only tender
Virtual currencies are digital money that exist only electronically, with no physical coins or bills.
The term encompasses cryptocurrencies like Bitcoin, in-game money, and other digital tokens that can be exchanged for goods, services, or traditional currency.
Unlike government-issued money, virtual currencies typically operate outside central banking systems: The IRS treats virtual currencies as property for tax purposes.
Small case for currency
- transferMove between locations
- paymentFulfilling a financial obligation
- merchantOne who sells wares
- fiatAuthoritative official decree
confirmation · settlement · escrow · peer-to-peer · QR code · private key · public key · address
Self-enforcing coded agreements
- consensusGeneral group agreement
- miningExtracting earth's resources
- nodesPoints of connection
- proof of workEffort demonstrating task completion
proof of stake · hashing · cryptography · immutable · halving · validator · staking · fork
Peer-to-peer electronic cash
- EthereumProgrammable blockchain network
- RippleCryptocurrency payment platform
- LitecoinDecentralized digital currency
- DogecoinMeme-based cryptocurrency
Cardano · Solana · Avalanche · Shiba Inu · stablecoin · altcoin · memecoin · token
Mutual giving and receiving
- volatilityRapid, unpredictable changeability
- speculationUnproven theorizing or risky investment
- bull marketPeriod of rising prices
- bear marketProlonged securities decline
portfolio · liquidity · order book · market cap · whale · pump and dump · limit order · margin trading
In-game purchase currency
skins · loot boxes · microtransactions · in-app purchases · grinding · pay-to-win · freemium · battle pass
wallet
Small case for currency
fiat · confirmation · settlement · escrow · peer-to-peer · QR code · private key · public key · address · fee
smart contracts
Self-enforcing coded agreements
proof of work · proof of stake · hashing · cryptography · immutable · halving · validator · staking · fork · wallet
Bitcoin
Peer-to-peer electronic cash
- EthereumProgrammable blockchain network
- RippleCryptocurrency payment platform
- LitecoinDecentralized digital currency
Dogecoin · Cardano · Solana · Avalanche · Shiba Inu · stablecoin · altcoin · memecoin · token · airdrop
exchange
Mutual giving and receiving
- volatilityRapid, unpredictable changeability
- speculationUnproven theorizing or risky investment
- bull marketPeriod of rising prices
bear market · portfolio · liquidity · order book · market cap · whale · pump and dump · limit order · margin trading · leverage
V-Bucks
In-game purchase currency
coins · skins · loot boxes · microtransactions · in-app purchases · grinding · pay-to-win · freemium · battle pass
virtual currenciescash
Ready spending funds
coins · bills · hard currency · paper money · banknotes
virtual currenciesprecious metals
Rare, valuable metallic elements
gold · silver · bullion · commodities · tangible assets
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