What is digital currency or virtual currency (Cryptocurrency)?


A Digital Currency or Cryptocurrency is a currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

A Digital Currency is difficult to counterfeit because of this security feature. A defining feature of Digital Currency is that they are not issued by any central authority, rendering it theoretically immune to government interference or manipulation. Good examples of Digital Currency would be Bitcoin, Ether and Litecoin.

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