CURRENCY

Digital Currency is a sort of money that can only be obtained digitally or electronically is known as a digital currency. Other names for it include cybercash, electronic currency, digital money, and digital money. Digital currencies are only available in digital form and lack any tangible characteristics. Digital currency transactions are carried out using computers or electronic wallets linked to the internet or specific networks, unlike physical currencies which have distinct physical qualities and traits, such as banknotes and coins that have been produced. While they do not require physical wallets, digital currencies have their own set of requirements for storage and processing. For example, an Internet connection is necessary as are smartphones and services related to their provisioning. Online wallets with robust security are also necessary to store digital currencies. Their digital provenance makes digital currencies susceptible to hacking. Digital currencies used for trading can have wild price swings