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Crypto Terms:  Letter O

What is Off-Ledger Currency?

Meaning:
Off-Ledger Currency - a type of digital currency that is minted outside of a blockchain ledger yet is still accepted and used.
easy
2 minutes

Let's find out Off-Ledger Currency meaning, definition in crypto, what is Off-Ledger Currency, and all other detailed facts.

All currencies that do not operate on the blockchain or other distributed ledgers are referred to as off-ledger currencies. Even though an off-ledger currency is not designed particularly to be used with a blockchain, it can be utilized on one due to its functionality and widespread acceptability.

Different from an on-ledger currency, an off-ledger currency doesn’t require continuous computational power to exist. Because of their stability and popularity, certain off-ledger currencies are digital fiat equivalents (such as USD or EUR) that are used on blockchains.

In addition, since their value is still derived from off-ledger currencies, fiat-based stablecoins (tokens tied to the value of nation-state currencies) might also fall within the concept of off-ledger currencies.

Wondering where can you store off-ledger currencies? Well, talking about fiat-based stablecoins, you can either store them on a hardware crypto wallet like Ledger Nano X or a software crypto wallet like the built-in Binance wallet.

Fiat money is a great illustration of an off-ledger currency since it is produced by central banks outside of blockchain networks. The United States dollar (USD) is a prominent example of an off-ledger currency because of its value and worldwide popularity. It is often held as a reserve currency by most financial organizations. In contrast to on-ledger currencies, it is centrally regulated and issued without restrictions.

In regards to that, off-ledger currencies lack intrinsic value. Instead, their worth is determined by the government's support and subsequent designation as legal tender. The ability of central banks to issue and control fiat money gives them complete control over the economy. Unfortunately, bad actors can still counterfeit them. And, if their issuance is unregulated, they can have negative economic consequences.

Bank Secrecy Act (BSA)<\/strong><\/a>, and it issues bulletins and advisories on a regular basis to ensure that the BSA's <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-anti-money-laundering-aml/">anti-money laundering (AML)<\/strong><\/a> rules are enforced consistently.<\/p>\n<p>In 2020, the OCC <strong>led by ex-Coinbase executive Brian Brooks<\/strong>&nbsp;made a splash with a few progressive <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-digital-asset/">digital asset<\/strong><\/a> reforms and initiatives. These reforms aimed at clarifying OCC crypto policy and assisting the US banks in providing custodial services to their customers.<\/p>","definition":"a branch of the United States Treasury responsible for overseeing all federal savings associations, federal branches, national banks, and foreign bank agencies.","status":"published","meta_title":"What is Office of the Comptroller of the Currency (OCC)? Definition & Meaning | Crypto Wiki","meta_description":"Office of the Comptroller of the Currency (OCC) meaning: Office of the Comptroller of the Currency (OCC) - a branch of the United States Treasury responsible for overseeing all federal savings associations, federal branches, national banks, and foreign bank agencies.","meta_keywords":null}" :prev-section="{"id":560,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Financial_transaction","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-10T11:05:32.000000Z","slug":"what-is-off-chain-transaction","title":"What is Off-Chain Transaction?","section":"O","keyword":"Off-Chain Transaction","content":"<p>An <strong>off-chain transaction<\/strong> occurs outside of the main <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-blockchain/">blockchain. Off-chain transactions were developed as a solution to the issues related to on-chain transactions &ndash; financial operations that occur when cryptocurrency tokens are transferred within the native blockchain network.<\/p>\n<p>Although cryptocurrencies like <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum (ETH)<\/strong><\/a>, Solana (SOL), and <strong>Dogecoin (DOGE)<\/strong> offer unique functionalities and differ from each other, they are all based on the core principles of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-decentralization/">decentralization that <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin (BTC)<\/strong><\/a> was developed with.<\/p>\n<p>A decentralized blockchain network allows users to conduct financial transactions using <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-node/">network nodes<\/strong><\/a> that verify the transactions inside the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-distributed-ledger/">distributed ledger<\/strong><\/strong><\/a>. Cryptocurrency can be transferred via the network anywhere in the world, regardless of the locations of the sender and receiver.<\/p>\n<p>Off-chain transactions were created to solve some of the issues that blockchain transactions encounter. They serve as a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-are-second-layer-solutions/">second-layer solution<\/strong><\/a> that moves the transaction outside the main blockchain. Second-layer protocols make the transaction process cheaper and faster.<\/p>\n<p>The second layer encompasses projects and <strong>protocols<\/strong> built on top of the base blockchain. These projects are designed to improve the overall blockchain technology and user experience. Their goal is to expand blockchain functionality beyond its initial build.<\/p>\n<p>Off-chain transactions are frequently used for debt agreements. Both parties must have <strong>mutual confidence<\/strong> that they owe each other a predetermined amount of cryptocurrency, making the transaction legitimate.<\/p>\n<p>The transaction stays completely outside of the main blockchain network and occurs instantaneously. Users can then repay the remaining debt using a single on-chain transaction. They can create a channel for <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-private-key-secret-key/">private key<\/strong><\/a> exchange for the wallets involved in the off-chain transaction.<\/p>\n<p>As long as the <strong>channel remains open<\/strong>, users can swap cryptocurrency until a settlement is reached. The parties involved in the operation can then stop the channel and perform an on-chain operation to record the final transaction value.<\/p>\n<p>Some of the best-known off-chain protocols are the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-lightning-network/">Lightning Network<\/strong><\/a> and <strong>Liquid Network<\/strong>.<\/p>\n<p>There are numerous advantages to performing an off-chain transaction, including:<\/p>\n<ul>\n<li>Off-chain transactions help resolve the scalability issues of blockchain technology;<\/li>\n<li>The transactions are executed significantly <strong>faster<\/strong> than on-chain which requires more time to be confirmed due to network congestion;<\/li>\n<li>Until the transaction is added to the blockchain, the parties may not be required to pay any fees;<\/li>\n<li>Parties conducting an off-chain transaction can remain anonymous as the transaction data is not recorded on the main blockchain and, therefore, isn&rsquo;t publicly available.<\/li>\n<\/ul>","definition":"a transaction that occurs outside of the main blockchain.","status":"published","meta_title":"What is Off-Chain Transaction? Definition & Meaning | Crypto Wiki","meta_description":"Off-Chain Transaction meaning: Off-Chain Transaction - a transaction that occurs outside of the main blockchain.","meta_keywords":null}" :model="{"id":539,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Ledger","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-10T10:25:22.000000Z","slug":"what-is-off-ledger-currency","title":"What is Off-Ledger Currency?","section":"O","keyword":"Off-Ledger Currency","content":"<p>All currencies that do not operate on the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-blockchain/">blockchain or other <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-distributed-ledger/">distributed ledgers<\/strong><\/a> are referred to as off-ledger currencies. Even though an off-ledger currency is not designed particularly to be used with a blockchain, it can be utilized on one due to its functionality and widespread acceptability.<\/p>\n<p>Different from an <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-on-ledger-currency/">on-ledger currency<\/strong><\/a>, an off-ledger currency<strong> doesn&rsquo;t require<\/strong> <strong>continuous computational power to exist<\/strong>. Because of their stability and popularity, certain off-ledger currencies are digital <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-fiat/">fiat equivalents (such as USD or EUR) that are used on blockchains.<\/p>\n<p>In addition, since their value is still derived from off-ledger currencies, <strong>fiat-based<\/strong> <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-stablecoin/">stablecoins (tokens tied to the value of nation-state currencies) might also fall within the concept of off-ledger currencies.<\/p>\n<p>Wondering <strong>where can you store off-ledger currencies<\/strong>? Well, talking about fiat-based stablecoins, you can either store them on a hardware crypto wallet like <a href=https://www.bitdegree.org/"//crypto//goon//ledger-nano-x/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Ledger Nano X<\/strong><\/a> or a software crypto wallet like the <a href=https://www.bitdegree.org/"//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>built-in Binance wallet<\/strong><\/a>.<\/p>\n<p><strong>Fiat money is a great illustration of an off-ledger currency<\/strong> since it is produced by central banks outside of blockchain networks. The United States dollar (USD) is a prominent example of an off-ledger currency because of its value and worldwide popularity. It is often held as a reserve currency by most financial organizations. In contrast to on-ledger currencies, it is centrally regulated and issued without restrictions.<\/p>\n<p>In regards to that, <strong>off-ledger currencies lack<\/strong> <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-intrinsic-value/">intrinsic value<\/strong><\/a>. Instead, their worth is determined by the government's support and subsequent designation as legal tender. The ability of central banks to issue and control fiat money gives them complete control over the economy. Unfortunately, bad actors can still counterfeit them. And, if their issuance is unregulated, they can have negative economic consequences.<\/p>","definition":"a type of digital currency that is minted outside of a blockchain ledger yet is still accepted and used.","status":"published","meta_title":"What is Off-Ledger Currency? Definition & Meaning | Crypto Wiki","meta_description":"Off-Ledger Currency meaning: Off-Ledger Currency - a type of digital currency that is minted outside of a blockchain ledger yet is still accepted and used.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master&rsquo;s degree on Economics, Politics &amp; Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US&rsquo; Western and Japan&rsquo;s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He&rsquo;s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain &amp; Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin Killer","status":"published","modified_content":null},{"chapter_id":2,"order":10,"slug":"what-is-solana-in-crypto","title":"Is Solana an Improved Version of Ethereum?","status":"published","modified_content":null},{"chapter_id":2,"order":11,"slug":"what-is-polkadot-in-crypto","title":"The Bridge Between Blockchains: Polkadot","status":"published","modified_content":null},{"chapter_id":2,"order":12,"slug":"what-is-polygon-in-crypto","title":"Polygon: the Essential Scaling Solution for Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":13,"slug":"what-is-luna-crypto","title":"The Bumpy Road of Terra (LUNA)","status":"published","modified_content":null},{"chapter_id":2,"order":14,"slug":"what-is-fantom-crypto","title":"Is Fantom (FTM) Yet Another Ethereum Killer?","status":"published","modified_content":null},{"chapter_id":2,"order":15,"slug":"what-is-aave-crypto","title":"Aave: Crypto Lending Trailblazer","status":"published","modified_content":null},{"chapter_id":2,"order":16,"slug":"what-is-algorand-crypto","title":"Did Algorand Truly Solve the Blockchain Trilemma?","status":"published","modified_content":null},{"chapter_id":2,"order":17,"slug":"what-is-olympus-dao","title":"Does Olympus DAO Have Anything to Do With Mythology?","status":"published","modified_content":null},{"chapter_id":2,"order":18,"slug":"what-is-avax","title":"Is Avalanche Network (AVAX) Rightfully Called the Future of DeFi?","status":"published","modified_content":null},{"chapter_id":2,"order":19,"slug":"what-is-monero-coin","title":"Monero: Where Cryptocurrency Meets Cryptography","status":"published","modified_content":null},{"chapter_id":2,"order":20,"slug":"what-is-ripple-xrp","title":"Is Ripple \"it\" When it Comes to Cross-Border Transactions?","status":"published","modified_content":null},{"chapter_id":2,"order":21,"slug":"practical-use-of-cryptocurrencies","title":"The Practical Use of Crypto","status":"published","modified_content":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-exchanges.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-exchanges-101.jpg","rating":80,"sections":[{"chapter_id":3,"order":1,"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","status":"published","modified_content":null},{"chapter_id":3,"order":2,"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":3,"order":3,"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","status":"published","modified_content":null},{"chapter_id":3,"order":4,"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry Standards","status":"published","modified_content":null},{"chapter_id":3,"order":5,"slug":"how-to-buy-crypto","title":"From Fiat to Crypto: How to Buy Crypto for the First Time","status":"published","modified_content":null},{"chapter_id":3,"order":6,"slug":"fiat-to-crypto","title":"Taking Profits: Turning Crypto Into Fiat","status":"published","modified_content":null},{"chapter_id":3,"order":7,"slug":"how-to-use-crypto","title":"You\u2019ve Got Crypto: What Can You Do With It?","status":"published","modified_content":null}]},{"id":4,"title":"Crypto Wallets","slug":"crypto-wallets","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-wallets.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-wallets-101.jpg","rating":80,"sections":[{"chapter_id":4,"order":1,"slug":"what-is-a-crypto-wallet","title":"What is a Crypto Wallet?","status":"published","modified_content":null},{"chapter_id":4,"order":2,"slug":"hot-wallet-vs-cold-wallet","title":"Hot Wallet VS Cold Wallet: Which One to Pick?","status":"published","modified_content":null},{"chapter_id":4,"order":3,"slug":"non-custodial-wallet","title":"What are Non-Custodial Crypto Wallets?","status":"published","modified_content":null},{"chapter_id":4,"order":4,"slug":"what-is-metamask","title":"Metamask: The Leading Non-Custodial Wallet","status":"published","modified_content":null},{"chapter_id":4,"order":37,"slug":"how-safe-is-cryptocurrency","title":"The Key Crypto Wallet Safety Practices: How Safe Can Crypto Be?","status":"published","modified_content":null}]},{"id":5,"title":"NFTs","slug":"nfts","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-nfts.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/nfts-101.jpg","rating":100,"sections":[{"chapter_id":5,"order":2,"slug":"how-to-trade-nfts","title":"NFT Trading: The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens (NFTs)?","status":"published","modified_content":null},{"chapter_id":6,"order":1,"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","status":"published","modified_content":null},{"chapter_id":6,"order":2,"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","status":"published","modified_content":null},{"chapter_id":6,"order":3,"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","status":"published","modified_content":null},{"chapter_id":6,"order":4,"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","status":"published","modified_content":null},{"chapter_id":6,"order":5,"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","status":"published","modified_content":null},{"chapter_id":6,"order":6,"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming Techniques","status":"published","modified_content":null},{"chapter_id":6,"order":12,"slug":"what-is-an-oracle-in-crypto","title":"Crypto Oracles: The Link Between Blockchain and Outside World Data","status":"published","modified_content":null},{"chapter_id":6,"order":13,"slug":"crypto-gambling","title":"The Peculiarities of Decentralized Crypto Gambling","status":"published","modified_content":null},{"chapter_id":6,"order":14,"slug":"what-is-the-metaverse","title":"Metaverse: A New Perception of Reality","status":"published","modified_content":null}]},{"id":7,"title":"Trading & Investing","slug":"trading-and-investing","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-trading.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-trading-101.jpg","rating":80,"sections":[{"chapter_id":7,"order":1,"slug":"where-to-trade-crypto","title":"Where Can You Trade Cryptocurrencies?","status":"published","modified_content":null},{"chapter_id":7,"order":2,"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","status":"published","modified_content":null},{"chapter_id":7,"order":3,"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","status":"published","modified_content":null},{"chapter_id":7,"order":4,"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","status":"published","modified_content":null},{"chapter_id":7,"order":5,"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","status":"published","modified_content":null},{"chapter_id":7,"order":6,"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","status":"published","modified_content":null},{"chapter_id":7,"order":7,"slug":"what-is-a-perpetual-contract","title":"Perpetual Contracts: Futures Contracts Without an Expiration Date","status":"published","modified_content":null},{"chapter_id":7,"order":8,"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","status":"published","modified_content":null},{"chapter_id":7,"order":9,"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","status":"published","modified_content":null},{"chapter_id":7,"order":10,"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","status":"published","modified_content":null},{"chapter_id":7,"order":11,"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","status":"published","modified_content":null},{"chapter_id":7,"order":12,"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","status":"published","modified_content":null}]},{"id":8,"title":"Crypto 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Tokens?","status":"published","modified_content":null},{"chapter_id":8,"order":5,"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","status":"published","modified_content":null},{"chapter_id":8,"order":46,"slug":"portfolio-diversification-definition","title":"Portfolio Diversification: The Whats, the Whys, and the Hows","status":"published","modified_content":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-mining.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-mining-101.jpg","rating":80,"sections":[{"chapter_id":9,"order":1,"slug":"what-is-crypto-mining","title":"Crypto Mining: What It is and How Does It Work?","status":"published","modified_content":null},{"chapter_id":9,"order":2,"slug":"what-is-a-mining-pool","title":"Mining Pools: Is Collective Mining Better Than Solo 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