SumoPower
Wed Jul 31 2024
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5 answers
1072
What are anchored coins?
Could you please explain to me what anchored coins are? I've heard the term mentioned in relation to cryptocurrencies, but I'm not entirely clear on the concept. Are they a type of stablecoin? How do they work, and what makes them different from other cryptocurrencies? I'm particularly interested in how they are "anchored" and what that implies for their value and stability. Thank you for your insight.
