"What Are Virtual Currencies?"
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Duncan
What does virtual currency refer to? How would you ask this in simpler English?
2023-06-09 07:04
Answer list:：
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Edeline
Virtual currency refers to digital or virtual representations of value that are used as a medium of exchange, unit of account, or store of value, but are not legal tender. Examples include Bitcoin, Ethereum, Litecoin, and others. These currencies are decentralized and operate independently of central banks and governments, utilizing blockchain technology and cryptography for security and transaction verification. They can be traded or exchanged for other currencies or goods and services, and their value is determined by market demand and supply.
Release time 2023 06 09
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Ruth
Virtual currency refers to digital or virtual representations of value that are not issued by a central bank or other regulatory authority and are used as a medium of exchange, unit of account, or store of value. Examples of virtual currencies include Bitcoin, Ethereum, and Ripple, among others. These currencies are decentralized and operate on blockchain technology, which allows for secure and transparent transactions without the need for intermediaries. Virtual currencies can be bought, sold, and used to purchase goods and services, or can be held as an investment.
Release time 2023 06 09
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Lombard
Virtual currency refers to digital or virtual representations of value that can be used as a medium of exchange, unit of account, or store of value. Examples of virtual currencies include Bitcoin, Ethereum, Litecoin, and Ripple. These currencies often use cryptography to secure transactions and to control the creation of new units. They are typically not backed by a government or other central authority, and their value can fluctuate based on supply and demand factors.
Release time 2023 06 09