Digital currency is an unregulated digital currency, which is usually published and managed by developers and accepted and used by members of a specific virtual community. It is not issued by the central bank or authorities, nor is it linked to legal tender, but it can be transferred, stored or traded electronically.
The most common bitcoins and Litecoin in digital currency are 265,438+00,000 bitcoins, which are generated by a large number of calculations according to a specific algorithm. They can be bought and sold on any computer connected to the Internet, and anyone can mine, buy, sell or collect bitcoins, no matter where they are.
Litecoin and bitcoin have the same technical realization principle. The network is expected to produce 84 million Litecoin. Litecoin is based on open source encryption protocol and is not managed by any central organization. Then there is Litecoin, which, like Bitcoin, is a virtual currency with no physical form.