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What are digital currency (Cryptocurrencies)?

A digital currency is an electronic currency, which is designed to be exchanged between people in virtual transactions. Cryptocurrencies are available in the form of data and not as physical objects. . Where you use a digital online ledger with strong encryption to secure and protect online financial transactions means that you cannot actually keep Bitcoin in your hands 。.

What is the difference between cryptocurrency and blockchain When we hear the word “digital currencies” we may immediately think of the word “blockchain”, as many think that both terms express the same thing, but this is not true. As we have already explained above, digital currencies are cryptocurrencies that are used to purchase goods and services, while Blockchain is the technology or technology behind it. It is a decent technology that incorporates encrypted records spread across many high-speed and capable computers, which manage all transactions made between clients within this network

Hmmm… Sounds complicated right! Well there is no difference between digital currency and blockchain technology، cryptocurrency is a part of blockchain technology。

Types of digital currencies:

Some believe that there is only one type of digital currency, which is bitcoin. However that is not true. In fact , there are more than 6,700 digital currencies that been traded in a public deals, and the digital currency market is still witnessing an increasing growth every day, and at a time when Bitcoin is the most popular and most valuable digital currency, there are many companies that have started issuing their own digital currency, Such as (GXGTOKEN, LBRY, Peercoin and Titcoin) which you can use to purchase services and products from this particular company. It is like those points that you earn when you buy goods from a certain site, which you can later exchange for real money 。

But what about the importance and advantages of digital currencies and why are many digital currency supporters rushing to buy them now before their value and price will be increased?

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