On-Ledger Currency

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It is a currency that is minted on the blockchain ledger as well as used on the blockchain ledger like Bitcoin. They have the potential to become the better alternative to the off-ledger cryptocurrencies or the fiat currencies. They are usually transparent (displays transactions and balances for everyone to see), open, pseudo-anonymous that has no direct recognition of the user, impossible to be decentralized and counterfeited. It also requires continuous and incentivized provision of the computational power or the other consensus mechanism requirements for maintaining the form or function.

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