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.
7 answers
Martino
Sun Dec 15 2024
The proposal put forward by Facebook and similar companies is not a true cryptocurrency.
Claudio
Sun Dec 15 2024
It lacks the essential attributes that define a cryptocurrency.
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.
GangnamGlamourQueen
Sat Dec 14 2024
One of the fundamental pillars of a cryptocurrency is an open blockchain.
BonsaiBeauty
Sat Dec 14 2024
Facebook's proposal does not meet this criterion as it is not built on an open blockchain.