Digital
Digital is a term used to describe the use of computers and other technology in various aspects of life. It can refer to physical objects or digital information, such as software programs, websites, photographs, and videos. Digital has become increasingly popular over the past decade due to its convenience and ability to be quickly shared with others around the world.
In relation to cryptocurrency specifically, digital refers to money that exists only electronically without a physical form (e.g., coins or notes). This type of currency uses encryption techniques in order for users’ transactions and balances remain secure from hackers or theft when being transferred online between different wallets (a wallet is an application which stores your cryptocurrencies). Cryptocurrencies are virtual currencies that run on decentralized networks called blockchains where each transaction must be verified by miners before it can go through successfully; this process is known as “Proof-of-Work” consensus algorithm system. Some common examples of cryptocurrencies are Bitcoin (BTC), Ethereum (ETH) , Litecoin(LTC), etcetera . Each one has unique features but all operate based on similar principles: they have no central authority like banks do nor any government backing them up yet their value comes from supply demand just like regular currencies do – meaning there may still be fluctuations in pricing depending on market conditions at any given time period..
Cryptocurrency exchanges allow you buy/sell these digital assets using traditional payment methods such as credit cards/debit cards along with some alternative payment systems such as PayPal & Skrill amongst few more options available out there today! Depending upon how much risk appetite you have towards investing into digital asset class will determine what kind exchange platform would suit best according needs accordingly – ranging from beginner friendly ones until most advanced sophisticated trading venues designed exclusively professionals!
