Digital Currencies

What are Digital Currencies?

A digital currency is an internet-based medium of exchange that exhibits properties similar to physical currencies but can be used for instantaneous transactions. The terms virtual and cryptocurrencies both refer to this type of system; however, it’s wrong if you think the opposite must always apply (i e., “white hat” versus grey).

Just like traditional money, these currencies may be used to buy physical goods and services. However, they could also only come into existence inside an on-line game or social network where there would otherwise not have any form of currency at all! Digital currencies such as Bitcoin are known as “decentralized digital currencie mes” meaning that instead of relying heavily upon central points for control over the money supply which often leads to them being unstable with many people investing solely due to their potential rise in value.

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