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What is digital currency?

by Victor
digital currency

Digital currency, abbreviated as DC, refers to appearing in front of people in the form of electronic currency instead of currency. Generally speaking, in actual economic activities, digital gold coins and encrypted currencies belong to the content of digital currency, and their issuers and scope of use are not restricted.

Features of digital currency

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1. Low transaction costs

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Investors do not need to pay other third-party fees, resulting in low digital currency transaction costs;

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2. Fast transaction speed

In the process of digital currency transactions, blockchain technology is adopted, which has the unique decentralized characteristics of blockchain, and does not require third-party institutions to participate in the transaction, shortening the actual transaction time;

3. High anonymity

Digital currency can support traders to use remote peer-to-peer transactions without the need for third-party participation, so even strangers thousands of miles away can complete the required transaction items in a relatively safe environment.

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