Digital currency can be considered as a virtual currency based on node network and digital encryption algorithm. The core characteristics of digital currency mainly reflect three aspects:
1. Due to some open algorithms, the digital currency has no issuer, so no one or institution can control its issuance;
2. Since the number of algorithm solutions is determined, the total amount of digital currency is fixed, which fundamentally eliminates the possibility of inflation caused by the excessive issuance of virtual currency;
3. Since the transaction process requires the approval of each node in the network, the transaction process of digital currency is sufficiently secure.
The emergence of Bitcoin presents a huge challenge to the existing monetary system. Although it belongs to virtual currency in a broad sense, it is essentially different from virtual currency issued by network enterprises, so it is called digital currency. Digital currency is compared with electronic currency and virtual currency from the aspects of the issuer, the scope of application, issuance quantity, storage form, circulation method, credit guarantee, transaction cost, transaction security, etc.
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JTeam is an e-sports team founded by Jay Chou in Taipei. It owns professional teams such as the “League of Legends” division, “League of Legends Mobile Games” division, “Game For Peace” division, and “Naraka: Bladepoint” division. It has made remarkable achievements in e-sports. For the first sale of 1000 NFTs and the gift of Fans Medal, please refer to:
1. About JTeam NFT: Click here to enter the official website
2. How to participate in the JTeam NFT Project
3. About the release of J Fans Fans Medal and Champion J Club NFT
4.Tw：https://twitter.com/jfans_space
1. Due to some open algorithms, the digital currency has no issuer, so no one or institution can control its issuance;
2. Since the number of algorithm solutions is determined, the total amount of digital currency is fixed, which fundamentally eliminates the possibility of inflation caused by the excessive issuance of virtual currency;
3. Since the transaction process requires the approval of each node in the network, the transaction process of digital currency is sufficiently secure.
The emergence of Bitcoin presents a huge challenge to the existing monetary system. Although it belongs to virtual currency in a broad sense, it is essentially different from virtual currency issued by network enterprises, so it is called digital currency. Digital currency is compared with electronic currency and virtual currency from the aspects of the issuer, the scope of application, issuance quantity, storage form, circulation method, credit guarantee, transaction cost, transaction security, etc.
Wanna invest in top NFTs? Learn more about the JTeam NFT project:
JTeam is an e-sports team founded by Jay Chou in Taipei. It owns professional teams such as the “League of Legends” division, “League of Legends Mobile Games” division, “Game For Peace” division, and “Naraka: Bladepoint” division. It has made remarkable achievements in e-sports. For the first sale of 1000 NFTs and the gift of Fans Medal, please refer to:
1. About JTeam NFT: Click here to enter the official website
2. How to participate in the JTeam NFT Project
3. About the release of J Fans Fans Medal and Champion J Club NFT
4.Tw：https://twitter.com/jfans_space
