Off-Ledger Currency

« Back to Glossary Index

It is a currency that has been created outside the specific blockchain ledger but it is accepted as well as used. The Off-Ledger Currency is not developed specifically for a blockchain and is used owing to its utility and wide acceptance. Fiat money like the United States Dollar (USD) is an example of an off-ledger currency as it is issued by the central banks outside the blockchain networks. Another example is the fiat-based stablecoins.

« Back to Glossary Index

Check Also


New Mining Strategies You Need To Incorporate After Crypto Halving

Good News! The Bitcoin network has already crossed its 800,000th block at the end of …