What is Digital Currency? Information about e-currencies

Friends, you must have heard the name of Bitcoin at some point or just a few years ago, and if you have not heard it, then it does not matter, what is our article Digital Currency today? In this, you will also get information about bitcoin.

Bitcoin is also a kind of digital currency, the most used cryptocurrency worldwide is bitcoin. It currently has 16.8 million tokens in circulation. And the person who has a bitcoin right now is a lot of money because friends, the price of 1 bitcoin is equal to 30-50 lakh rupees.

So by this, you must have understood and you must have got an idea of ​​how much digital currency is worth. So let us know with this that what is this digital currency? And why is this so much discussed?

What is Digital Currency?

Digital currency is also called e-currency or cryptocurrency, in which the payment method is done completely in electronic form. These currencies, called cyber cash, are discussed all over the world. Digital currency can also be called virtual currency.

Digital currency is a kind of currency, which exists only in digital form, and it is also bought and sold online. Digital currency can be used to buy and sell things online only, you cannot use it for offline things.

Digital Currency i.e. Cryptocurrency

There is no limit to the number of times you can transact in digital currency. Digital currency is more secure than making an online payment by debit or credit card because it uses cryptography, which makes it even more secure.

That is why it is also called Cryptocurrency. The world's first cryptocurrency is Bitcoin. Depositing it is called mining. Cryptocurrency can be easily transferred to any corner of the world and can be converted to any type of currency like Dollar, Euro, Rupee etc.

Transactions can be done through this currency without any medium through computer networks. At the same time, this digital currency is kept in a digital wallet, Digital Currencies have been banned in many countries, and because of this many illegal works are being done.

List of digital currency

Just as there are many currencies around the world, all countries have their money names, and they also have different values, in the same way, there are many types of digital currency, and they are also of many types, so let us know about AC currency only.

Bitcoin

The most widely used cryptocurrency digital currency around the world is bitcoin. It currently has 16.8 million tokens in circulation. Bitcoin is being called the poster child of the cryptocurrency industry. However, critics of Bitcoin are a bit sceptical about its growth due to its slow speed and high transaction fees.

Litecoin

Litecoin, launched in 2011, was one of the early cryptocurrencies after bitcoin and is often referred to as the "silver to bitcoin gold".

Zcash

Zcash, a decentralized and open-source cryptocurrency launched in late 2016, promises to be. “If bitcoin is like HTTP for money, then the cash is HTTPS,” analogous cash uses to define itself.

Bitcoin Cash

Launched in the year 2017, Bitcoin Cash is one of the most traded cryptocurrencies in the world. It has a block size of 8MB while the original bitcoin has a block size of 1MB.

Ethereum

Ethereum is built as a decentralized app provider. It has a specific purpose to overcome the need for third-party companies like Apple to build apps. Apps developed on Ethereum will be on a distributed public platform where miners will be able to earn 'ether'.

Libra

Libra coin is a digital currency created by Facebook. Facebook is developing a wallet for Libra that will allow it to be stored. People will be able to buy and sell Libra as a cryptocurrency.

So friends, now you must have understood what is digital currency? If you have any thing which you do not understand, then you can ask us in the comment box given below, we will try our best to help you.