Digital currency

Digital Currency:

Digital currency is money that is used on the Internet.

Digital currency exists only in digital form and has no physical equivalent in the real world. This existence has all the characteristic of physical money. Like physical cash, you can receive it, transfer it or convert it to any other currency.

You can use it to pay for goads & services, such as paying bills, buying form online stores, etc.

Digital currencies have no geographical or political restrictions and transactions can be done form anywhere in the world.

Digital accounts and wallets can be considered bank deposits.

ارز دیجیتال

Cryptocurrency:

Cryptocurrency is a type of digital currency.

Cryptocurrency is considered a medium of exchange.

This currency is a kind of credit and safe code.

Because it is based on encryption and code.

One of the primary goals of creating cryptocurrencies is communication and how to establish their security.

These currencies create, experiment, and analyze algorithms and protocols, and therefore, during a transaction, this information will not be changed or transferred by a third party.

Cryptography is a combination of different sciences bused on mathematics.

It is mathematics that gives Functionality and reliability to algorithms and protocols.

Cryptocurrencies use blockchain and a decentralized ledger.

This means that a powerful centralized unit or power does not control and monitor the activities of the network. The size of this network

is equal to the number of its users.

Platform:

The term platform refers to software that provides facilities and service to software users.

To facilitate the use of the software, users must own or use a speeific coin or token.

Extraction:

Miners try to add the next black to the blockchain by solving mathematical transcation and getting their reward.