What is digital currency?
What is digital currency? Digital currency refers to the use of blockchain techn
What is digital currency? Digital currency refers to the use of blockchain technology to create a distributed ledger system with legal validity, traceability, and immutability. The definition of digital assets includes electronic transactions and payments. Smart contracts based on encryption technology can achieve peer-to-peer (P2P) transmission and storage in a decentralized manner.
According to a recent report published by the Bank for International Settlements, “due to the development of the Internet and the use of computer networks,” digital currency can be used as an intermediary means for financial services or business activities, and it has become a new economic model. Therefore, it can be solved through a standard called “DCR”: “DCN is a digital form of paper document. Its original purpose is to protect data privacy globally and ensure that all information is public.”
This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/08/10/what-is-digital-currency/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Hualien District Procuratorate to Auction Seized USDT
On March 14, it was reported that the Hualien District Procuratorate of Taiwan, China announced in a press release yesterday that the auction of virtual currenc
-
Security team: FilDA attackers exchanged approximately 80000 ELAs for approximately 326 BNBs and deposited them into Tornado Cash
According to reports, PeckShield monitoring showed that FilDA was attacked yesterday on ESC and REI networks, causing approximately $700000 in losses. The attacker bridged approxim
-
Chekkit Announces Completion of Financing Round for Blockchain Anti-Counterfeiting Solutions
On April 19th, Chekkit, a blockchain anti-counterfeiting solution provider, announced the completion of a new round of financing, led by Adaverse, a Cardano eco
-
#Is the Increase in the Panic and Greed Index a Warning Sign for Investors?
According to reports, the panic and greed index today was 55 (yesterday was 63), indicating an increase in the level of greed compared to yesterday, with the level still being gree
-
Poor Management: A Major Cause of Bankruptcy
According to reports, the Federal Deposit Insurance Corporation of the United States stated that the fundamental reason for the bankruptcy of the signing bank is poor management. T
-
BTC Dominance Rate Increases to 48% – What Does This Mean for the Future of Cryptocurrencies?
According to reports, data from TradeView shows that the BTC dominance rate has increased from 42% in the first quarter to 48%, and it has been difficult to exc
-
Reddit and Stack Overflow Announce AI Developer Website Content Access Fees
On April 22nd, it was announced that Reddit and Stack Overflow will charge AI developers website content access fees. The former is one of the world\’s largest c
-
Instagram to Phase Out Digital Collectibles by April 2023
According to reports, Instagram has announced in its Help Center that it will gradually end its support for digital collectibles, and the changes will take effe
-
Tokenization of Real-World Assets: A Game-Changer in Digital Finance
On April 14th, according to a research report by Bank of America (BAC) cited by CoinDesk, the pace of tokenization of real-world assets is accelerating. Last mo
-
Obol Technologies Introduces Distributed Verifier Technology to Ethereum’s Main Network
It is reported that Obol Technologies introduced its distributed verifier technology into the main network of Ethereum for the first time in the internal alpha…