It is the first digital currency to be issued by a major economy, undergoing public testing in 2020.ĭID YOU KNOW – Over the last few years, more the 60 countries have experimented with national digital currencies.Īmong these include the trials of the digital krona made by Sweden and the Sand Dollar, developed by the Bahamas. Here is a video to explain exactly what a blockchain is To this day, there are three main types of digital currency which are: VIRTUAL CURRENCYĪn unregulateddigital currency controlled by its developers or founding organization.Ī digital currency issued by a national/central bank in a regulatedform.Ī digital currency using a specific technology called blockchainto secure and verify transactions. Excellent record keeping and transparency in all transactionsĭigital currencies exist in a lot of variants, according to their specific features.The transactions are instantaneous, occurring in few seconds at a low-cost, with no (or low fees) needed to be paid by the parties.The transactions are made directly between the parties involved, without any intermediaries.The electronic form of the digital currency offers many advantages: Like any other currency, a digital currency can be used to purchase goods (货物 huòwù) as well as services (服务 fúwù). The lack of any physical form of currency allows instantaneous and cross-border transactions by using computers or electronic wallets connected to the Internet or a designated network.
A digital currency is any currency that is exclusively available in electronic form.
0 kommentar(er)
