Do you know what digital currencies are 🪙🔶🔷🐶🐶 and what are their types?
📌 Cryptocurrencies:
They are digital assets based on blockchain technology and are used as a means of exchange, storage or investment. They are characterized by being decentralized, meaning that they are not subject to the control of governments or central banks.
💎 Types of digital currencies:
1️⃣: Cryptocurrencies
• Relies on encryption to ensure security.
• The most prominent example: Bitcoin (BTC), the first and most famous digital currency.
• Other examples: Ethereum (ETH), Ripple (XRP), Litecoin (LTC).
2️⃣: Stablecoins
• Its value is tied to a paper currency such as the dollar to reduce volatility.
• Examples: USDT, USDC, BUSD.
3️⃣: Central Bank Digital Currencies (CBDCs):
• Digital currencies issued by central banks, such as China's digital yuan 🇯🇵.
4️⃣: Tokens
• Used within various blockchain projects.
• Examples: UNI (Uniswap), LINK (Chainlink
