Cryptocurrencies .. the new global financial system

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Cryptocurrencies .. the new global financial system

Cryptocurrencies .. the new global financial system

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The world has started with a new financial transaction system, and it is expected that it will become the comprehensive system in financial transactions in the future, and the new financial system has been called digital currencies.

The name of digital currencies is called a group of virtual currencies that are traded on the Internet, and although they are intangible, they have a great potential for users and traders in all countries of the world. And institutions using it instead of traditional money, and it has become possible to pay purchase and service bills with it, and many people are using it to exploit its value in the long run.

In order to trade these digital currencies, there is a set of complex cryptographic processes that are used; This is to protect traders from being expose to any fraud or forgery. As for the currency mining process, it is a complex algorithmic transaction that requires specialized hardware. This aims to maintain its price value, and it should be noted that no large quantities of it are produced to protect it from inflation; In the event of an increase in the number of digital currencies offered, this contributes to a decrease in the prices of digital currencies; Therefore, the amount supplied is reduced each year.

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