The world is changing. Technology is driving our economy, reshaping our society, and redefining our world. One of the most exciting developments in the world today is the rise of digital currencies, such as Bitcoin and Ethereum. These currencies are digital, decentralized, and allow people to transact without the need for a traditional bank or other financial institution. Digital currency and payments are becoming increasingly mainstream, with many businesses now accepting them as a form of payment. But what is digital currency, and how does it work? The world of digital currency is complex, often mystifying and even a little bit scary. But it’s also full of opportunity. Over the past few months, we’ve seen an explosion in the number of cryptocurrencies and their value. You’ve probably heard of bitcoin and Ethereum, but did you know there are more than one thousand cryptocurrencies in existence today? Digital currency, sometimes called cryptocurrency, is a digital asset that is used as a method of payment. It is also used to power a new generation of digital applications and services. Unlike traditional currencies such as dollars and euros, cryptocurrencies are decentralized, meaning they are not controlled by any single country or institution. This makes cryptocurrencies an alternative means of payment for many people and businesses. Within the past year, the world has become increasingly aware of digital currencies. Many people have heard of bitcoin, the most well-known digital currency, but many don’t know much else about it. Bitcoin is a digital currency that operates outside of traditional financial institutions. It is stored in digital wallets and acts as a medium of exchange, currency, and store of value.
by Καλλιόπη Καπενεκάκη