What Is Digital Currency
While all cryptocurrencies can be termed as digital currencies, the reverse is not true. Cryptocurrencies are managed by a computer algorithm, while digital currencies are backed by an authority
Now, digital currencies exhibit properties like other currencies, but do not have a physical form like that of banknotes and coins. You can receive, transfer and / or exchange digital currency for another currency. For example, it can be used to pay for goods and services, in an online store.
Cryptocurrencies like Bitcoin and Ethereum are pieces of computer code that are not managed by any authority. Creation, as well as use, is maintained through a distributed ledger, typically a blockchain, that serves as a public financial transaction database. So, cryptocurrencies typically use decentralized control where there is no presence of a third party to have authority over the investor.
One of the most significant differences between digital currency and cryptocurrency is the underlying technology. Digital currency is a digital format of fiat money whereas cryptocurrencies are built on the blockchain. Cryptocurrencies are not under the control of any single entity. Digital currency, however, is under the direct control of the central bank. When it comes to digital currency, the issuing authority is of prime importance.
How You Will Benefit
(I) Insights, and validations about the following topics:
Chapter 1: Digital Currency
Chapter 2: Complementary Currency
Chapter 3: Automated Clearing House
Chapter 4: Cashless Catering
Chapter 5: Cashless Society
Chapter 6: Community Exchange System
Chapter 7: Cryptocurrency Exchange
Chapter 8: Cryptocurrency Wallet
Chapter 9: Central Bank Digital Currency
Chapter 10: Digital Wallet
Chapter 11: E-Commerce Payment System
Chapter 12: Electronic Money Association
Chapter 13: Electronic Funds Transfer
Chapter 14: Local Exchange Trading System
Chapter 15: Payment System
Chapter 16: Private Currency
(II) Answering the public top questions about digital currency.
(III) Real world examples for the usage of digital currency in many fields.
(IV) 17 appendices to explain, briefly, 266 emerging technology in each industry to have 360-degree full understanding of digital currency' technologies.
Who This Book Is For
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of digital currency.