What are the characteristics of digital currency (what are the characteristics of digital currency)
What are the characteristics of digital currency? It mainly has the following types: firstly, it has the characteristic of decentralization, and its price is determined by the market; Secondly, it can meet various trading purposes. Bitcoin and Ethereum are the same in technology, but different in application. The transaction speed of Bitcoin is much faster than that of Ethereum Another feature is the ability to achieve anonymity. Users use encryption algorithms to protect their private keys in their wallets and can complete transfer operations without affecting the network. Taking Bitcoin as an example, after transferring through Bitcoin, an asset backed token with a transaction amount less than $1 will be obtained. This fund will be recorded in the address on the chain, which does not require third-party intervention and also has characteristics such as openness, transparency, and tamper resistance
What are the characteristics of digital currency
According to the monitoring data of RatingToken, a third-party Big data rating agency, the current market value of digital currency is about 5.24 billion dollars. From the perspective of transaction mechanism, mainstream currencies, such as Bitcoin and Ethereum, play a dominant role. In terms of payment, both EOS and XRP projects have strong promotional and application value; In terms of settlement system, the Stablecoin represented by USDT has the following characteristics: first, it is stored in a centralized way and executed through smart contracts; Secondly, high safety; Thirdly, “peer-to-peer” transmission.
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