The Big Question

If you are still toddling in the internet, you are probably wondering what the rave surrounding digital currency is. In the first place you may not even know what this is or how it works. So to start with we are going to look at a few definitions.

Digital currency - this is a medium of exchange that is purely electronically based.

Cryptocurrency this is basically digital currency with a twist. It has a security feature that uses cryptography to protect it from being counterfeited.

There is one major difference between virtual money and paper money that you should be aware of; paper money is a legal tender, that is, it is approved by a central government and can be used to purchase a product across all countries. With virtual money, though it is accepted by a number of vendors, it is not a legal tender.
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