Category: Cryptocurrency Basics

Cryptocurrency and Inheritance Issues

As investments in cryptocurrencies have increased in recent years, the handling of cryptocurrencies when the owner passes away has become a problem. Cryptocurrencies have different characteristics from traditional financial assets, and therefore require special attention when it comes to inheritance.

In recent years, cryptocurrencies, led by Bitcoin, have garnered significant attention. Cryptocurrencies are innovative payment methods that utilize distributed ledger technology and possess characteristics that differ from traditional fiat currencies. Let’s consider whether cryptocurrencies can potentially replace fiat currencies in the future.

In the world of cryptocurrencies, there are two main types: inflationary and deflationary. Understanding the differences between them is crucial for cryptocurrency investors. This article will explain inflationary and deflationary cryptocurrencies in detail.

Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization that is held by Bitcoin. This metric indicates how dominant Bitcoin is in the cryptocurrency market. The higher the Bitcoin dominance, the more Bitcoin is dominating the market.

Atomic Cross-Chain Transfer technology enables the secure and reliable transfer of assets between different blockchain platforms. This technology facilitates interoperability among diverse blockchain platforms, allowing users to transfer tokens or other assets from one blockchain to another. Here are the benefits and drawbacks of Atomic Cross-Chain Transfers:

Ethereum regularly undergoes hard forks, leading some to question its level of centralization.

The term “IOU” is used not only in the world of cryptocurrency but also more broadly in the financial industry. It stands for “I owe you,” indicating a debt or an acknowledgment of a debt.

“Pegging” in the context of cryptocurrency refers to fixing the value of a crypto asset to another asset or index. This is commonly seen with stablecoins, which are cryptocurrencies designed to have stable values by being pegged to more stable assets like the US dollar or gold. The peg helps make stablecoins less volatile, making them more suitable for everyday transactions and as a store of value.

Wrapped Bitcoin (WBTC) epitomizes a unique amalgamation of Bitcoin and the Ethereum blockchain. It is an ERC-20 token bearing the value of Bitcoin (BTC) and is operable on the Ethereum platform. At its core lies the concept of bridging blockchains and enhancing the liquidity of digital assets.

It seems that recently a token called ARB was created. But it seems that this is a governance token and not a native token.