Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

What is Peg?

Crypto Terms Glossary: What is Peg?

Pegs are a mechanism that ties the value of one asset to another at a 1:1 equivalent basis. Pegs primarily exist to facilitate the trading of non-similar assets, which is currently hindered because of the reliance on distinct blockchain protocols. Pegging also allows users to exchange specific assets that are pegged at a 1:1 ratio to their native asset (for example, the BEP-2 Binance Chain version of bitcoin (BTC) is pegged to the original Bitcoin network version of BTC) while potentially benefitting from lower transaction fees and shorter confirmation times.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Make crypto bots for trading
Press Releases: Mind Network Expands Partnership with Zama to Launch Pioneering FHE AI Network
Mind Network, a leader in fully homomorphic encryption (FHE) applications, announced today the expansion of its partnership with Zama, open source cryptography company building..
Press Releases: Gate.io Celebrates 11th Anniversary with Prize Activities and Vision for the Future
Gate.io, a leading crypto exchange and Web3 innovator, has announced its 11th-anniversary celebrations, showcasing its milestones and launching prize-winning activities for its global user..
Market and Events: Binance launches small and mid-cap initiative
Cryptocurrency trading platform Binance aims to address the prevalence of tokens with low market capitalization compared to their fully diluted value (FDV). To address this issue, Binance is..
Press Releases: Happening Right Now - Marginly is Bootstrapping Liquidity
Marginly, the leverage-as-a-service protocol that enables one-click leverage on yield-bearing assets, kicked off its Liquidity Bootstrap Event on May 15. The protocol is rewarding..