My article on digital currency.
WHAT IS A DIGITAL CURRENCY / E-CURRENCY?
“The future of money is digital currency” – Bill Gates
When God created us, we did not have money neither did God create money for us and handed it to
us. Later, we found ourselves wanting what we did not have and we were exchanging what we had to
get what we did not have. Then paper note was introduced first in China during the 12th century and
we have seen much transitions and transformations since then. Now we have many paper currencies
which are now accepted worldwide. But the paper currency has a lot of problems, so digital currency
or eCurrency (electronic currency) was introduces to solve those problems.
In a lay man's language, let me describe to you the meaning of cryptocurrency- _it is
digital currency. It is the opposite of paper or fiat money which cannot be touched, held or
printed. As analog photograph is to digital photograph so is paper money to digital money.
Just like we used to have letters sent through the post offices but now we can send emails
and text messages instantly without making use of the post offices but via the internet on
social media. We are focusing on two Chinese coins that are waiting to be launched very
soon. They are FENG HUANG BI(COIN) and CHINA UNIVERSAL COIN (CU COIN).
Crypto currency is set up through an encrypted algorithm using cryptography technology.
There are more than 700 types of cryptocurrencies in circulation. Many countries have
adopted the use of digital currencies. They include Germany, Switzerland, US, UK, some
parts of Africa such as Tunisia, Egypt etc. In the next 5-10 years, digital/cryptocurrency will
take over from fiat/paper currency. You can learn more on cryptocurrency on google.
WHAT IS A DIGITAL CURRENCY / E-CURRENCY?
“The future of money is digital currency” – Bill Gates
When God created us, we did not have money neither did God create money for us and handed it to
us. Later, we found ourselves wanting what we did not have and we were exchanging what we had to
get what we did not have. Then paper note was introduced first in China during the 12th century and
we have seen much transitions and transformations since then. Now we have many paper currencies
which are now accepted worldwide. But the paper currency has a lot of problems, so digital currency
or eCurrency (electronic currency) was introduces to solve those problems.
In a lay man's language, let me describe to you the meaning of cryptocurrency- _it is
digital currency. It is the opposite of paper or fiat money which cannot be touched, held or
printed. As analog photograph is to digital photograph so is paper money to digital money.
Just like we used to have letters sent through the post offices but now we can send emails
and text messages instantly without making use of the post offices but via the internet on
social media. We are focusing on two Chinese coins that are waiting to be launched very
soon. They are FENG HUANG BI(COIN) and CHINA UNIVERSAL COIN (CU COIN).
Crypto currency is set up through an encrypted algorithm using cryptography technology.
There are more than 700 types of cryptocurrencies in circulation. Many countries have
adopted the use of digital currencies. They include Germany, Switzerland, US, UK, some
parts of Africa such as Tunisia, Egypt etc. In the next 5-10 years, digital/cryptocurrency will
take over from fiat/paper currency. You can learn more on cryptocurrency on google.
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