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Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":368,"original_id":null,"author_id":41,"translator_id":null,"title":"What is FUD?","slug":"what-is-fud","section":"F","keyword":"FUD","status":"published","definition":"acronym for “fear, uncertainty and doubt”, used to describe skepticism in the crypto community.","content":"<p><strong>FUD</strong> <strong>is an acronym for “Fear, Uncertainty, and Doubt”</strong>, commonly used in the crypto community. It describes the strategy used to alter the perception within the crypto market regarding certain digital currencies by spreading negative sentiments or even false rumors. People engaged in this strategy are known as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fudster/">FUDsters./nFUD may also be used to refer to the skepticism toward <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bear/">bearish trends of a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency. It can also describe <strong>negative attitudes that oppose crypto altogether</strong>. People who are skeptical of crypto and are spreading negative sentiment are also known as FUDsters. Both terms are widely used on social media such as Twitter or Reddit.</p>\n<p>There are some prominent names among people considered to be FUDsters, such as investor Warren Buffett or economist Paul Krugman. Entrepreneur Elon Musk has on occasion expressed FUD-like sentiments, although he has also shown some endorsement of cryptocurrencies and blockchain technology.</p>\n<p>The sentiments of FUD often relate to the role of cryptocurrency in traditional and digital markets, as well as what impact it may have on the global economy. Some of the <strong>common crypto-critical positions</strong> shared by the skeptics include:</p>\n<ul>\n<li><a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin and other cryptocurrencies hold no value whatsoever;</li>\n<li>Criminal activities related to cryptocurrencies are rampant and the anonymous nature only promotes them;</li>\n<li>Cryptocurrency mining has a significant negative impact on the environment and resource distribution;</li>\n<li>The lack of regulations may lead to cryptocurrencies being banned by governments;</li>\n<li>Cryptocurrencies are a method of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-money-laundering/">money laundering</strong></a> or a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-ponzi-scheme/">Ponzi scheme</strong></a>.</li>\n</ul>\n<p>Many crypto enthusiasts see no grounds for the skeptical positions and even consider them to be government propaganda. While there are several definitions of FUD, the general sense is that it is tied to negative attitudes towards cryptocurrencies.</p>\n<p> </p>","level":"easy","meta_title":"What is FUD? Definition & Meaning | Crypto Wiki","meta_description":"FUD meaning: FUD - acronym for “fear, uncertainty and doubt”, used to describe skepticism in the crypto community.","meta_keywords":null,"language":"en","created_at":"2022-03-16T07:00:34.000000Z","updated_at":"2023-04-28T10:39:14.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-fud"},"prevSection":{"id":366,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Fork (Software)?","slug":"what-is-fork-software","section":"F","keyword":"Fork (Software)","status":"published","definition":"the development of a new program using the source code.","content":"<p>In the context of software development, <strong>forking</strong> refers to the <strong>development of a brand new project or program using the source code from another software</strong>. This creates a new software path by splitting it into different versions, i.e., creating forks. Forking is common among open-source software development communities.</p>\n<p>The source code of one program can be used to develop several forks as different developers follow their own directions to improve the source project or aim to replace it altogether.</p>\n<p>Developers can use an <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-open-source/">open-source </strong>code or the legal copy of a code from a software package to start the process of working on a new program. The use of open-source code ensures the legality of the process.</p>\n<p>Developers using an <strong>open-source</strong> code <strong>do not breach any copyright laws</strong> and are <strong>not required to get permission</strong> to fork the software from the distributors or initial developers. The software developed as the fork is released to the community. It typically acts as an improved version of the source software and may provide more benefits to the users.</p>\n<p>Some fork projects <strong>may lead to conflict within the developer community</strong> due to differing views. The clash can then transfer into the overall community, with users choosing to use or boycott certain forks. In some cases, the community splits are amicable. However, it isn’t uncommon for developers to garner resentment.</p>\n<p>If the fork projects become increasingly competitive, developers may choose to close the code and prevent it from being shared. This can lead to issues related to ownership, copyright, legality, and legitimacy. Competing developers may envision different project directions.</p>\n<p>Some developers are granted permission to use <strong>proprietary software</strong> for forking. Such software must be <strong>licensed by the copyright owners</strong> who maintain the exclusive legal rights to the project. Developers must have explicit permission from the copyright owners to create a fork that serves as a new, updated version of the software.</p>","level":"medium","meta_title":"What is Fork (Software)? Definition & Meaning | Crypto Wiki","meta_description":"Fork (Software) meaning: Fork (Software) - the development of a new program using the source code.","meta_keywords":null,"language":"en","created_at":"2022-03-16T06:46:14.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-fork-software"},"currentChapter":"F","currentSection":"what-is-fractional-stablecoin","chapterTitle":"F","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-fractional-stablecoin","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter F
What is Fractional Stablecoin?
Fractional Stablecoin MEANING:
Fractional Stablecoin -
a stablecoin that is collaterally-backed and partially algorithmically stabilized.
Let's find out Fractional Stablecoin meaning, definition in crypto,
what is Fractional Stablecoin,
and all other detailed facts.
Fractional stablecoin is a type of cryptocurrency that is collaterally backed and algorithmically stabilized. Fractional stablecoin protocols may vary in their options for collateral backing, with some using liquidity or partially allowing redemptions. However, the main principle is that the protocol never has more value to redeem than all the stablecoins that it mints.
Stablecoins are blockchain-based digital assets that have their price value pegged to a tangible asset, such as fiat currency or gold. Some stablecoins, like Tether (USDT), have the value of one coin pegged to $1.
Stablecoins must have a collateral, which means they have to be backed by fiat cash, other cryptocurrencies, or blockchain-based tokens to ensure their legitimacy.
Fractional stablecoins are backed in two ways. They are collaterally backed and algorithmically stabilized or modified. The collateralization ratio of fractional stablecoins is less than or equal to 100%. This means that the stablecoin is backed by a fraction of collateral compared to its overall worth.
The use of fractional stablecoins can improve capital efficiency since they do not require as many dollars as collateral. The overall supply of fractional stablecoins is greater than their liquidity or collateral backing. Fractional stablecoins are developed to include algorithmic mechanisms that stop bank runs via various economic incentives.
If the price of a fractional stablecoin goes above $1, algorithmic systems automatically create as many new stablecoins as needed until the price falls back down to $1. On the other end of the scale, if the price falls below $1 and the stablecoin is considered overcollateralized, the algorithm burns the excess coins.
Fractional stablecoins are preferred over algorithmic stablecoins because the latter can be hard to bootstrap, don’t grow as quickly, and are significantly more volatile. The volatility is a particularly significant downside as stablecoins aim to have low volatility by default.
Instead, fractional stablecoins only rely on algorithms that adjust the collateral and maintain the pegged value by either creating or burning the coins or tokens as necessary.
