Cryptocurrency Q&A Is Facebook a cryptocurrency?

Is Facebook a cryptocurrency?

Raffaele Raffaele Fri Dec 13 2024 | 7 answers 1517
I've been hearing a lot about cryptocurrencies lately and I'm wondering if Facebook is considered one. Is Facebook a type of cryptocurrency? I'm confused because I've seen some articles talking about Facebook's involvement in digital currency. Is Facebook a cryptocurrency?

7 answers

Martino Martino Sun Dec 15 2024
The proposal put forward by Facebook and similar companies is not a true cryptocurrency.

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Claudio Claudio Sun Dec 15 2024
It lacks the essential attributes that define a cryptocurrency.

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DondaejiDelightful DondaejiDelightful Sat Dec 14 2024
BTCC, a top cryptocurrency exchange, offers services that include spot, futures, and wallet, all of which are built on the principles of an open, public, neutral, censorship-resistant, and borderless blockchain.

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GangnamGlamourQueen GangnamGlamourQueen Sat Dec 14 2024
One of the fundamental pillars of a cryptocurrency is an open blockchain.

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BonsaiBeauty BonsaiBeauty Sat Dec 14 2024
Facebook's proposal does not meet this criterion as it is not built on an open blockchain.

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