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Reason: None provided.

Yes Digital Currencies and Cryptocurrencies are very different. A Digital Currency gives that central issuer control of the currency.

A true cryptocurrency gives its users control of the currency through:

  • An encrypted ledger that can't be hacked or shut down

  • decentralized payment processing,

  • community voting and posting of governance proposals of changes,

  • a capped number of of the currency that can ever be reached (deflationary currency),

  • decentralized dispersion of the currency

2 years ago
1 score
Reason: Original

Yes Digital Currencies and Cryptocurrencies are very different. A Digital Currency gives that central issuer control of the currency.

A true cryptocurrency gives its users control of the currency through:

decentralized payment processing,

community voting and posting of governance proposals of changes,

a capped number of of the currency that can ever be reached (deflationary currency),

decentralized dispersion of the currency

2 years ago
1 score