<s>[INST] There are many different types of cryptocurrencies, each with its own unique characteristics and uses. Some of the most well-known types of cryptocurrencies include:

Bitcoin: The first and most widely recognized cryptocurrency, Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions without the need for a central authority or intermediary.

Ethereum: A decentralized platform that enables the creation of smart contracts and decentralized applications (dApps), Ethereum is the largest and most widely-used blockchain platform after Bitcoin.

Altcoins: Alternative cryptocurrencies that are not Bitcoin, altcoins are often created as a response to a particular problem or limitation of Bitcoin. Examples of altcoins include Litecoin, Dogecoin, and Monero.

Tokens: Tokens are digital assets that are issued on top of another blockchain, such as Ethereum. They can represent a variety of assets, such as stocks, bonds, or commodities, and can be used for a wide range of purposes, including fundraising and governance.

Stablecoins: A type of cryptocurrency that is pegged to the value of a traditional currency, such as the US dollar, stablecoins are designed to provide a stable store of value and medium of exchange.

Central Bank Digital Currencies (CBDCs): Digital currencies issued by central banks, CBDCs are designed to provide a digital alternative to traditional fiat currencies and are often used for financial inclusion and payment systems.

DeFi Tokens: Decentralized finance (DeFi) tokens are digital assets that are used to facilitate lending, borrowing, and other financial services on decentralized platforms.

Memecoins: A type of cryptocurrency that is created for entertainment or social purposes, memecoins often have a humorous or ironic theme and are not designed to be a serious investment.

Which of the following statements is not true regarding cryptocurrencies?[/INST]