Skip to main content

Digital Money




Origins of digital currencies date back to the 1990s Dot-com bubble. One of the first was E-gold, founded in 1996 and backed by gold. Another known digital currency service was Liberty Reserve, founded in 2006; it let users convert dollars or euros to Liberty Reserve Dollars or Euros, and exchange them freely with one another at a 1% fee. Both services were centralized, reputed to be used for money laundering, and inevitably shut down by the US government.[3] Q coins or QQ coins, were used as a type of commodity-based digital currency on Tencent QQ's messaging platform and emerged in early 2005. Q coins were so effective in China that they were said to have had a destabilizing effect on the Chinese Yuan or RMB currency due to speculation.[4] Recent interest in cryptocurrencies has prompted renewed interest in digital currencies, with bitcoin, introduced in 2009, becoming the most widely used and accepted digital currency.

Types of digital currencies

Virtual currency


A virtual currency has been defined in 2012 by the European Central Bank as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community". The US Department of Treasury in 2013 defined it more tersely as "a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency". The key attribute a virtual currency does not have according to these definitions, is the status as legal tender.

Cryptocurrency


A cryptocurrency is a type of digital token that relies on cryptography for chaining together digital signatures of token transfers, peer-to-peer networking and decentralization. In some cases a proof-of-work scheme is used to create and manage the currency.[6][7][8][9]

Digital currency exchange

Digital currency exchanges (DCEs) or bitcoin exchanges are businesses that allow customers to trade digital currencies for other assets, such as conventional fiat money, or different digital currencies.[1] They can be market makers that typically take the bid/ask spreads as transaction commissions for their services or simply charge fees as a matching platform.[1]

See More ↓↓↓↓↓
Digital currency exchanger rating
Labels:

Comments

Post a Comment

Popular posts from this blog

Visual Basic ( Catch Me ) Introduction

Hello guys, Welcome back to Visual Basic Tutorial ( GAME ) Catch me: - It is a simple game that a Picture will appear Random in the Windows Form and the player (user) will try to click on it by mouse that all We have lot of version to Catch me so I will make a list for them 1. Catch me Version 1.0.0  Features : User will play in 800*600 window state  User will play it without any effects The result will not be saved 2. Catch me Version 2.0.0  Features : User will play  in Full Screen When User will press in the picture ( Target ) the black color will be green the back to Default The result will  be saved as long as the game is opened 3. Catch me Version 3.0.0  Features : User will play  in Full Screen User will choose the level of game ( Insane - Extreme - Hard - Normal - Easy - Baby Level ) The result will be saved in Database with Names ------------------------------------------------- Notice The ti...
Post a Comment
Read more

Catch Me Version 1.0.0

Hello guys, Welcome to the first version of Catch me ( Visual Basic Game read Introduction ) Ok, Let's Start Open Visual Studio 2012 and Open new project 1. Program Design Stage Let's add the tools 1 PictureBox, 2 Button, 2 Label, 1 Timer In Picturebox1 My Image Choose any picture in my case I will choose this image  Make Visible Property = False Resize it as you like I will make it (150,150) Don't forget to Change SizeMode to StretchImage Button1, Button2 In One of the 2 Button make it's Text property to Quit and the another make it Start Label1 In Label1 change the Text to your Description  Label2 In Label2, Change the Text to "Time: 60s" without quotation  put in the middle Bottom of the Form and 60s is the game time Timer1 Change the Interval This is the game Time Form1 Change FormBorderStyle to None Change the Size to 800,600 Change StartPostion to Centre of the Screen Ok Your Window Should be like th...
Post a Comment
Read more