What is Digital Currency? How to Buy it & Advantage & Disadvantages of it?

1
What is Digital Currency? How to Buy it
Advantage Disadvantages of it?
2
What is Digital Currency?
Digital currency is a type of currency available
in digital form. It exhibits properties similar
to physical currencies, but can allow for
instantaneous transactions and borderless
transfer-of-ownership.
3
Types of Digital Currency
10 Types of Digital Currency

1. Ethereum
2. Ripple
3. Lite coin
4. Dash
5. Peer coin

6. Doge coin 7. Prime coin 8. China coin 9.
Ven 10. Bit coin
4
Ethereum
Ethereum is a decentralized computing platform
that  features smart contract functionality. It
offers the Ethereum Virtual Machine (EVM), a
decentralized virtual machine that executes
peer-to-peer contracts using a cryptocurrency
known as ether. The Ethereum platform allows
multiple uses concerning smart contracts. With
Ethereum, you can safely do business with a
person you dont know because all terms are
spelled out in a smart contract entrenched in
the block chain.
5
Ripple
Ripple is a real-time currency exchange,
remittance network, and settlement system. It
offers instant, certain, low-cost international
payments. Also known as Ripple protocol or the
Ripple Transaction Protocol (RTXP), it is built
upon a decentralized open source Internet
protocol and native currency referred to as XRP
(ripples). Bases around public ledger, Ripple
uses a consensus process to all exchange,
remittance and payments in distributed process.
6
Lite Coin
Lite coin is a peer-to-peer cryptocurrency
released under the MIT/X11 license. The currency
is Inspired by and technically almost identical
to bit coin. Lite coin formation and transfer is
based on an open source protocol.
7
Doge Coin
Also known as PP Coin, Peer coin was created by
software developers Scott Nadal and Sunny King.
Lunched in 2012, it was the first digital
currency to use a combination of proof-of-work
and proof-of-stake. At first, the coins are
mined using the proof-of-work hashing process.
Over time, as the hashing difficulty increases,
the users are rewarded coins using the
proof-of-stake algorithm that requires minimal
energy to generate blocks.
8
How to Buy

• There are 5 major steps to buy it-
• Find a good bit coin wallet
• Choose the right bit coin trader
• Select your payment method
• Buy some bit coin and store them in your wallet
• Get ready to use it

9
How to Buy

• There are 5 major steps to buy it-
• Find a good bit coin wallet
• Choose the right bit coin trader
• Select your payment method
• Buy some bit coin and store them in your wallet
• Get ready to use it

10
Advantage of Coins

• Anonymous and Private
• Payment Freedom
• Low/Minimal Fees
• Fewer risks for merchants
• Its fast
• Central governments cant take it away
• People cant steal your payment information from
  merchants
• Non-Inflationary
• You can create your own money

11
Disadvantage of Coins

• Volatility
• Ongoing development
• Possible Government Interference
• Deflationary
• Lack of recourse
• Money Laundering/Black Market

12
Contact Us Thanks for visit
Follow Us On
Visit Us Now
https//xnews.io/