Cryptocurrencies on Mobius (AngieYaz Sonic Underground reboot)

A cryptocurrency, crypto-currency, or crypto on Mobius, like on Earth, is a collection of binary data which is designed to work as a medium of exchange. Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. Cryptocurrencies are generally fiat currencies, as they are not backed by or convertible into commodities. Some crypto schemes use validators to maintain the cryptocurrency. In a proof-of-stake model, owners put up their tokens as collateral. In return, they get authority over the token in proportion to the amount they stake. Generally, these token stakers get additional ownership in the token over time via network fees, newly minted tokens or other such reward mechanisms.
Cryptocurrencies are referred to by Mobians as ghost money because in retrospect, it doesn't really exist.
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