What Exactly Is Digital Currency?
Digital currency is money that is exclusively available only in digital or electronic form. What distinguishes digital currency from the existing electronic currency in bank accounts is that digital currency never assumes physical form, unlike electronic money.
They are generally handled, preserved and exchanged using digital computer systems, particularly those connected to the Internet. Types of digital currencies include cryptocurrency, central bank digital currency, virtual currencies and stablecoins.
Digital currency transactions are carried out through computers or electronic wallets linked to the internet or other specific networks. Cryptocurrency is currently the most profitable and volatile asset in the digital space. Ethereum, Bitcoin, and Litecoin are the three most popular kinds.
Digital currency has the ability to fundamentally alter how society views money. The growth of Bitcoin (BTC), Ethereum (ETH), and thousands of other cryptocurrencies has prompted global central banks to investigate how national digital currencies might function.
