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

dogecoin-and-shiba-inu

Dogecoin And Shiba Inu Gain, Crypto Behemoths In The ‘Red’

« Back to Glossary IndexThe King of meme coins and its killer both are in …

AdBlock Detected

Looks like you are using an ad-blocking browser extension. We request you to whitelist our website on the ad-blocking extension and refresh your browser to view the content.