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What are the differences between VUSXX and VMFXX in the world of cryptocurrency?

avatarHasindu ChanukaFeb 27, 2022 · 3 years ago1 answers

Can you explain the key differences between VUSXX and VMFXX in the world of cryptocurrency? What sets them apart from each other?

What are the differences between VUSXX and VMFXX in the world of cryptocurrency?
Cryptocurrency
VUSXX
VMFXX

1 answers

  • avatarFeb 27, 2022 · 3 years ago
    When it comes to VUSXX and VMFXX in the world of cryptocurrency, there are some notable differences. VUSXX is a decentralized cryptocurrency that operates on a blockchain network, while VMFXX is a centralized cryptocurrency issued by a financial institution. This means that VUSXX is not controlled by any central authority, while VMFXX is controlled by the issuing institution. Additionally, VUSXX has a limited supply, which means that there will only ever be a certain number of VUSXX coins in existence. On the other hand, VMFXX does not have a limited supply and can be created or destroyed by the issuing institution. These differences in decentralization and supply characteristics make VUSXX and VMFXX distinct from each other in the world of cryptocurrency.

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