Professional Documents
Culture Documents
Digital Currency 1
Digital Currency 1
Digital Currency 1
Presented by : Naman
Roll No. : 22 csu488
What is Digital Currency or Digital Money?
Electronic money is the money which exists only in banking computer systems and is not
held in any physical form.
It may refers to several systems which enables a buyer to pay electronically by transmitting
a unique number (called digital certificate) similar to a banknote number.
Both virtual currencies and cryptocurrencies are types of digital currencies, but the
converse is incorrect.
What Is Cryptocurrency?
Many system such as PayPal, cashU, eCash etc. will sell their electronic currency directly
to the end user.
Other systems only sell through third party digital currency exchangers.
Decentralized System
Decentralized e-money is stored and flows through a peer to peer computer network that
directly links users, much like a chat room.
No single user control the network.
Some types:
1. Bitcoin
2. Monero
3. Nxt
Offline Anonymous System
Advantages Disadvantages
Security Complexity