What does virtual Bitcoin mean? (Can virtual Bitcoin make money?)
What does virtual Bitcoin mean? In simple terms, it is a cryptographic asset th
What does virtual Bitcoin mean? In simple terms, it is a cryptographic asset that can be used to create digital currency. In reality, “virtual” refers to representing a specific item or commodity (such as gold, silver, or diamonds) in a special form, and then issuing these things through smart contracts for trading purposes.
For most people, virtual Bitcoin is a product without meaning and practical value. However, due to its anonymity, some users find it difficult to use their wallet addresses to purchase, send, or receive virtual currency. In the long run, as more and more developers join the ecosystem of this field, people’s attitude towards Bitcoin will continue to improve. (Decrypt)
Can virtual Bitcoin make money?
Can virtual Bitcoin make money? In terms of investment, virtual currency is a relatively safe asset class. It is not just a cryptocurrency. It is built on Ethereum and consists of a basket of different tokens (ETH, BCH, and EOS), including BTC.
As the price of Bitcoin continues to rise and approaches historical highs, more and more investors are paying attention to this field. According to CoinMarketCap data, on January 2, 2019, the market value of Coinbase, the world’s largest digital currency trading platform, was 691 million US dollars, second only to the Nasdaq.
From a technical perspective, there are already many blockchain projects on the market exploring ways to raise funds through virtualization to achieve their goals, such as the decentralized exchange BitGo based on ERC20. However, this is not the only company that uses virtual Bitcoin as a financial instrument – although these companies may still have other issues. (BeInCrypto)
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