LimeChain Glossary

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  • A cryptocurrency is a type of digital currency that is designed to be used on a blockchain or another Web3 network. New cryptocurrency is generated as rewards for the people that maintain the network and validate transactions. Bitcoin was the original cryptocurrency.
  • Cryptocurrency exchanges are platforms that allow people to trade crypto assets, either for fiat or for other crypto assets. Crypto exchanges generally fall into two main categories - centralized exchanges and decentralized exchanges or DEXes.