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Security Tokens and Stablecoins Quick Start Guide

You're reading from  Security Tokens and Stablecoins Quick Start Guide

Product type Book
Published in Apr 2019
Publisher Packt
ISBN-13 9781838551063
Pages 234 pages
Edition 1st Edition
Languages
Concepts
Authors (3):
Weimin Sun Weimin Sun
Profile icon Weimin Sun
Xun (Brian) Wu Xun (Brian) Wu
Profile icon Xun (Brian) Wu
Angela Kwok Angela Kwok
Profile icon Angela Kwok
View More author details

Basics of stablecoin

In the previous section, we introduced the basics of money, which can be either commodity money or fiat money. Now we are ready to talk about stablecoin in this section. Before getting to this main topic of this chapter, we must first talk about cryptocurrency.

Cryptocurrency

A cryptocurrency is a currency in a digital form with encryption. In other words, it is a digital asset used as a medium of exchange. Bitcoin is considered to be the first cryptocurrency, whose platform initially went live in early 2009. It is based on the proposal in the white paper circulated by Satoshi Nakamoto in October 2008. Since then, cryptocurrencies receive immense attention. New cryptocurrencies were created and issued...

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