• What are digital currencies .. A guide for beginners: ...
- Digital currencies: They are virtual or digital currencies
Designed to work as a means of exchange, and they use
Encryption to secure and verify transactions as well as
To control the creation of new units of any particular digital currency. Basically, digital currencies are
Limited entries in a database that no one can
Change unless Certain conditions were met…
- History: …
There were many attempts to create a digital currency
During the technology boom of the nineties and with the emergence of
systems such as: “Floz, Benz and Digi Cash” in the market
But they ultimately failed.. And there were many reasons for their failure such as: fraud, financial problems
And even friction between company employees and their bosses…
It is worth noting .. that all of these systems
used a trusted third-party approach, which means
that the companies behind them have verified
the validity of the transactions and worked to facilitate them, and because of the failures of
these companies, the creation of a system was seen as My digital criticism
As a hopeless case for a long time…
To be continued…
