Digital Currency - While All Cryptocurrencies Can Be Termed as Digital Currencies the Reverse Is Not True

Fouad Sabry

Maison d'édition: One Billion Knowledgeable

Synopsis

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 CurrencyChapter 2: Complementary CurrencyChapter 3: Automated Clearing HouseChapter 4: Cashless CateringChapter 5: Cashless SocietyChapter 6: Community Exchange SystemChapter 7: Cryptocurrency ExchangeChapter 8: Cryptocurrency WalletChapter 9: Central Bank Digital CurrencyChapter 10: Digital WalletChapter 11: E-Commerce Payment SystemChapter 12: Electronic Money AssociationChapter 13: Electronic Funds TransferChapter 14: Local Exchange Trading SystemChapter 15: Payment SystemChapter 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.

Disponible depuis: 25/11/2021.

Longueur d'impression: 332 pages.

Science et Technologie

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