๐๐ฟ๐๐ฝ๐๐ผ๐๐๐ฟ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฎ๐ฐ๐๐ถ๐ผ๐ป๐ ๐๐ถ๐๐ต๐ถ๐ป ๐ฎ ๐๐น๐ผ๐ฐ๐ธ๐ฐ๐ต๐ฎ๐ถ๐ป ๐ก๐ฒ๐๐๐ผ๐ฟ๐ธ ๐จ๐ป๐ถ๐......
Check the bank card you are using carefully, you will be able to see that there is a code consisting of 16 numbers. So under that number, a password for your transaction is referred. Only you know that even if the card goes to someone, transactions cannot be made without the password.
That's what happens in new virtual currencies. But it is very different from normal money transactions. What is the difference?
This happens through a Blockchain Network System. That means like a Digital Currency Ledger. The most important thing that happens here is that the newly produced Currency is produced through the Blockchain itself.
Moreover, a separate transfer concept is used for this CryptoCurrency, and its existence in each form leads to more efficiency. What is the transfer method?
BRC20 - BTC Transfer
ERC20 - Ethereum Transfer
BCP20 - BNB Smart Chain
ERC404 - Swap Chain ETH
Such transfer methods are common.