So what is fractional reserve banking? Fractional reserve banking is a system in which commercial banks are allowed to hold only a fraction of their deposits in reserve and lend out the rest. In other words, banks are allowed to create new money by lending out a portion of their deposits. Under this system, banks…
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Blockchain is a revolutionary technology that has the potential to transform the way we transact, store value, and secure data. It is the underlying technology behind many cryptocurrencies, such as Bitcoin and Ethereum, and it has applications in a wide range of industries, from finance and healthcare, to supply chain and government. At its core,…
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In today’s world, internet security is more important than ever. With the proliferation of online shopping, banking, and social media, our personal and financial information is increasingly at risk of being accessed or stolen by hackers and other criminals. Unfortunately, many people are still not taking the necessary steps to protect themselves and their information…
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A rug pull is a type of scam that is commonly seen in the cryptocurrency industry. It occurs when the creators of a cryptocurrency or crypto project suddenly “pull the rug” out from under their investors by disappearing or shutting down the project, without returning the money or assets invested by the investors. This type…
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