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Digital Currencies

What is a Digital Currency

A Digital Currency is distinct from physical money (such as banknotes and coins), yet it exhibits properties similar to that of physical currencies, allowing for instantaneous transactions and borderless transfer-of-ownership.

Digital Currencies are also known as Cryptocurrencies or Electric Money. The most popular Digital Currency is Bitcoin, however, there are thousands of Digital Currency such as Ethereum which is the 2nd most popular digital currency.


Ethereum is an open-source Cryptocurrency on a public distributed platform. Ethereum is the second largest Cryptocurrency by market cap and is the preferred currency for community fund raising projects.

The Ethereum Cryptocurrency coin is known as the “ether”, which is the value token of the Ethereum Blockchain. Its diminutive symbol is ETH and traded on several Cryptocurrency exchanges, such as Coinbase, CEX.io, Coinspot and many others, where they can be purchased and converted to other forms of Cryptocurrency or, vice versa, back to fiat.

For more information on Cryptocurrency, see Bitcoin.