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Virtual Currency

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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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Virtual currency, also known as digital currency or cryptocurrency, is a type of decentralized digital asset that can be used as a medium of exchange or store of value. Virtual currencies are based on cryptographic technology and operate independently of central banks or governments. Transactions in virtual currencies are recorded on a distributed ledger called a blockchain, which provides transparency and security. Some popular virtual currencies include Bitcoin, Ethereum, and Litecoin. Virtual currencies have gained popularity as an alternative investment asset class, with traders and investors speculating on price movements and potential future adoption. However, the volatility and regulatory uncertainties of the cryptocurrency market pose significant risks for investors.
#2 - March 04, 2023, 01:54:22 AM


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