What is digital currency | Codeexecute

What is digital currency

 

Digital currency also called electronic currency is type of currency which is available only in digital form.There is no physical assets such as notes or coins available for digital currency. They operate similar to the physical currencies.They stored, transferred only electronically.

Digital currency mainly categorized into two categories :

  1. Crypto Currency
  2. Non Crypto Currency

 

Crypto Currency

It is a decentralized digital currency in which cryptography is used to secure all transactions.

Example:

  • Bitcoin
  • Litecoin
  • Ethereum
  • Dogecoin
  • Bytecoin
  • Swiftcoin
  • Ripple
Non Crypto Currency

Non crypto currencies are centralized and requires some trusted parties

Example:

  • Beenz
  • e-Gold
  • Ven