Digital currencies are currencies similar to regular currencies, but they are not restricted and have no material impact and are distinguished by its ownership and value being transferred without limits and no restrictions unlike ordinary currencies that determine its value and exchange it is not subject to control from the central bank fund and does not specify Its value is according to the existing gold and is used to purchase goods, services and material things and can be traded over the Internet.
Digital currencies are compared to regular currencies such as the dollar or the euro, but they do not carry a physical presence and their mining is carried out by means of powerful hardware and storage. They are an amount of money recorded electronically on a card of stored value.
Digital currencies are characterized by their secrecy and strong encryption, and there is no medium.
There is a digital wallet for all digital currencies called blockchain and it is like an international account book that keeps data and which records and stores digital currencies.
History of the emergence of digital currencies
Cryptocurrencies appeared for the first time in 2009 and after that these decentralized funds began to grow tremendously among people and many users succeeded in benefiting from and investing in them in achieving profits from them.
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The famous Bitcoin coin
Bitcoin first appeared by an unknown person called Satoshi Nakamoto and presented Bitcoin as a kind of cryptocurrency that represents like electronic money that you can exchange over the Internet with anyone in all parts of the world and does not recognize either a government, a country or a central authority that controls it. Or its restriction and cryptography, which is used in transactions is a more secure system even from banks and intermediary companies such as Paypal or NETLER.
Its production was limited to 21 million bitcoins. The idea of reducing production and decreasing supplies is to increase its value in the market with increasing demand for it, as expectations indicate that the last bitcoin will be explored in 2040.
The first Bitcoin transaction when a person accepted to purchase another person's Pisa on May 22, 2010 for 10,000 Bitcoin.
Bitcoin is the most popular currency in terms of digital currencies, as it has a great spread around the world and is considered to be its largest value compared to the dollar or the euro.
The first trading price for bitcoin was 0.001 dollars versus 1 bitcoin until the price of one bitcoin reached about 19400 dollars in 2017.
Secrets of digital currencies
The name of digital currencies, especially bitcoin, has been associated with dealing in deep webs or darkens (dark internet) and selling and buying prohibited materials such as drugs and illegal services. I do not advise you to enter dark internet because your dealings will not be with ordinary people but with criminals. Digital currencies have also been linked to money laundering and laundering, because it is possible to exchange money that is intended to be bleached for its value from any digital currency that can double or decrease their money when going up or down in the price of the currency in circulation.
The future of digital currencies
Digital currencies have witnessed campaigns of criticism and distortion and trying to question them and claim to prevent them, but they managed to destroy its position and managed to change the financial reality, especially after the spread of Bitcoin and the rise of its value and expectations expecting further rise in digital currencies to see the world revolution in the financial reality.
The volume of electronic trading is estimated at 7 billion dollars, which is a weak number, but it is expected to double with the increase in the number of streamers
Digital currencies with 5 million people pouring in to use bitcoin only in 2015.
Digital currencies have a prosperous future, especially after proving their strength and the security of their programming and trading, and witness the entry and interest of many giants of the financial sector, and made several investments in them, coinciding with the entry of digital currencies on the stock exchange.
==> Digital currencies can fully replace physical currencies in a future that may not be far away.
Bitcoin value compared to the dollar
1 bitcoin equals = approximately $ 11,874.10 now.
How Can i get free bitcoin
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