The most important digital currency, which major traders expect to rise and achieve profits for those who own it
Ethereum digital currency. ...
Ripple digital coin. ...
Litecoin digital currency. ...
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Binance Coin. And digital currencies appeared and appeared with them more hope for some, and more anxiety for others, a completely new idea, a brilliant invention, so that its owner is said to deserve the Nobel Prize in Economics.
A new financial system that there is no one to control or manage, as it is outside the control of states and traditional economic systems. It is a coin
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Home »Technology» What are the recent digital currencies?
What are the digital currencies that have appeared recently?
June 16, 2020 Magdy Camille
Digital currencies
Cryptocurrencies appeared and appeared with them more hope for some, and more anxiety for others, a completely new idea, a genius invention so that its owner is said to deserve the Nobel Prize in Economics.
A new financial system that there is no one to control or manage, as it is outside the control of states and traditional economic systems.
But:
Will digital currencies withstand the challenges they face, and will have a presence in the future?
Will digital currencies one day become an alternative to fiat currencies?
Will digital currencies pose a threat to the current economic system, or can states and governments coexist with them?
Why do digital currencies pose a threat in the first place to systems and countries?
This is a sample of many questions that are on the minds of many people dedicated to economic work, and on the minds of the governments of smart and aware countries. And in the mind of a lot of interested in the common also.
Does that give you some hint of just how important the topic we're going to talk about today?
I know that you are, in most cases, not here to know the answers to the questions from the sample presented above.
But you want to understand what digital currencies are in the first place and how they work. How do you get it, how is it used and traded with it.
In this article, I will address the topic of digital currencies, from the angle that you want as a prospect to understand a new topic and how to deal with it.
Also, for those who are interested, you will find in the middle of the lines, perhaps, or in separate points, some of the matters related to the questions that were asked above.
It is worth noting that until now, no one has clear and confirmed answers to the questions that were asked above.
However, just asking and thinking about these questions is a very healthy thing for you as a potential user of these currencies.
Now let's start the topic and make you understand what digital currencies are in an easy and simple way.
What are digital currencies?
Digital currencies, digital currency, cryptocurrency, electronic currency, or cryptocurrencies are all synonyms for one meaning.
Digital currencies are currencies that have no physical basis. They are produced, traded, and used in the procurement process, mostly through the Internet.
They are traded in a peer-to-peer or (peer to peer) manner. That is, there is no intermediary in dealing (unlike regular currencies in which banks are the intermediaries of dealing in them)
Digital currencies are decentralized currencies, meaning that there is no government or regulatory entity to manage or issue them.
It adopts recording and monitoring trading operations in digital currencies by miners or miners.
The most important digital currency
Bitcoin emerged in 2009 as the first cryptocurrency, and many internet users associate the idea of cryptocurrencies with bitcoin.
They do not know more about the rest of the currencies that appeared after it.
The shocking truth is that there are more than 1500 cryptocurrencies so far.
But what dominates the scene and the most famous in the world of digital currencies, is a small list of currencies and the most important of them:
Bitcoin
Bitcoin was the first cryptocurrency, it first appeared in 2009, and the real name of the inventor of this currency has not yet been announced.
But its inventor chose the name Satoshi Nakamoto as the default name for him, and for the coin to be associated with this name, whose identity we have not yet known.
Given the importance of this currency specifically, I recently wrote a post that includes the most important questions about the Bitcoin currency and the answers to them.
Also in the winners there is a special topic on Bitcoin mining.
Ethereum
It appeared in 2015, and is considered the strongest competitor to the first and comes in the second degree of importance.
Its price has now exceeded $ 900.
Litecoin
It was released at the end of 2011 by Charlie Lee.
Its price ranges from 200 to 300 dollars.
Ripple
Launched in 2012 by Ripple Corporation.
Although its price does not exceed one dollar, it is one of the most important and famous cryptocurrency.