What is digital currency

Digital currency can be used to describe all electronic currencies in general, including virtual currencies and cryptocurrency. Digital currency is electronic currency that does not exist in any physical form. Because its functions and inherent properties are the same as standard non-legal currency, it can also be referred to as the online version of cash. Digital currencies are intangible and require a device that can be connected to a specific network to use and hold them.

Digital currency payments are made directly between the two parties, so there is no need for any middleman, so transactions are usually instant and low-cost. At the same time, transactions based on specific networks will also have necessary record keeping to achieve a certain level of transaction transparency.

What is a cryptocurrency?

Cryptocurrency is a medium of exchange that uses cryptographic principles to ensure transaction security and control the creation of transaction units. Cryptocurrency is a type of digital currency. Cryptocurrency is based on a decentralized knowledge mechanism, as opposed to the banking financial system that relies on a centralized regulatory system.

The relationship between digital currency and cryptocurrency

Cryptocurrency is an electronic medium of exchange that lacks a physical form. It is a virtual currency that uses encryption technology to protect and verify transactions. It is a digital currency. A sort of. Bitcoin is a popular cryptocurrency that is well known for its large price fluctuations.

The characteristic of cryptocurrency is that it is not supervised by any agency, and digital currency also includes central bank digital currency, which is a digital currency supervised by the central bank, so there is a big difference between the two. The only common characteristic is that they are all virtual existences. 1. DEFI’s leading project 2. Polkadot 3. Ethereum

T1: ETH (currently the top public chain, the underlying platform for altcoins, and hyping ETH2.0) EOS (community* **Knowledge + DApp’s possible explosion + DeFi can also join + extremely cost-effective) ZEC (anonymous leader)

T2:YAS (ubi concept, current market value is low, potential is high) ATOM ( That is, cosmos, a new public chain with advantages), XRP (it has basically not risen after falling in 2019, so there is still a lot of room for upside) Polkadot DOT (Polkadot, aiming to surpass Ethereum) KSM (Polkadot Pioneer)

T3: ADA (potential) NEO (1000 times the myth of the last bull market), ONT (strong banker), IOST (first of all, IOST is currently undervalued, and Dapp is also developing well)

There are also platform coins in the currency circle, corresponding to HT, BNB, and MX.