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Virtual Currency

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Virtual Currency in General Cryptocurrency Discussion_xx

Virtual currency is digital money issued by parties other than monetary authority obtained by purchasing, transferring (reward), or mining (the process of producing a number of new virtual currencies, involving complicated mathematical processes). This digital money is issued / controlled by the developer community and is used and accepted by members of the virtual community.
Currently in the world there are 1300 virtual currencies, Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano.
risk or negative side of the virtual currency
  • The exchange rate is very volatile, the increase is so unnatural that it is susceptible to the risk of bubbles and has the potential to harm the community.
  • The technology used in virtual currency enables pseudonymous transactions so that it has the potential to be used in money laundering and terrorism financing.

#1 - February 11, 2019, 12:48:05 PM


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