Digital currency (or digital money) is any method of payment that is entirely electronic. Unlike coins or dollar bills, digital cash is not visible to the naked eye. It is transferred and accounted for via online platforms. The cryptocurrencies Bitcoin, Ethereum, GanderCoin etc. are well-known forms of digital currency.
GanderCoin was launched as the first Indian digital currency. It offers multiple features with a user-friendly interface. With that, it makes themselves accessible to everyone whether he/she is an experienced or inexperienced trader. And now because of its accessibility, it has become popular and known as the best Indian crypto coin.
Digital currencies work on three basic technologies that empower digital currencies:
The first-ever cryptocurrency Bitcoin, whose arrival in 2017 created a boom worldwide. Every government and organization has been paying attention to it. El Salvador, a small Latin American nation, was the first country to accept Bitcoin as cash currency. El Salvador’s president, Nayib Bukele, said in May 2021 that Bitcoin will be accepted as legal tender.
The innovative invention of cryptocurrency has the power to alter the way we think about money and banking. With the use of blockchain technology and cryptographic principles, it is decentralized and offers security, transparency, and accessibility to users all over the world. Even if you are an investor, trader, or just simply curious about cryptocurrencies, it's important to understand how they are operated and work.