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Author Topic: The difference between the digitized currencies and the encrypted currencies  (Read 115 times)

Ahmad4

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Digital coins are money used on the Internet. It is digital money in the form of numbers. It has no material equivalent in the real world. But for digital currencies all the characteristics of traditional money. Just as local money, you can obtain, transfer or exchange it for other currencies. You can use it to pay for goods and services, such as filling phone and Internet accounts, buying online, paying for bills ... Digital currencies have no geographical or political boundaries. Transactions may be sent from anywhere to any point in the world. Digital accounts and portfolios can be considered bank deposits. Currency Encrypted or Cryptocurrencies are a variety of digital currencies but are encrypted with their own system, encrypted currencies or Cryptocurrency is an asset used as a means of exchange. It is reliable because it is based on a complex encrypted system based on cryptography. One of the basic objectives of cryptography is to make communication safe and protected. It creates and analyzes algorithms and protocols that allow encryption of data so that no information is changed how it was, or that it should be read by third parties. Encrypted currencies or Cryptocurrencies have a system and a protocol called a blockage or a digitized digital accounting book. This means that no third authority controls all transactions, transactions, transfers, and transmissions in the network.
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