What is digital currency?

It is a digital asset based on blockchain technology.

The value of digital currency mainly comes from the security and scarcity of its decentralized network. Unlike traditional currency, digital currency does not need a central institution or bank to issue and supervise it, and its transaction records will be kept in a "ledger" called blockchain.

For the impact on people's lives, the use of digital currency can reduce transaction costs: the use of digital currency can reduce transaction costs in the traditional banking system, including fees, interest and so on. Digital currency can provide faster and safer payment methods, because transaction records will be kept in scattered books, which are not easy to be tampered with or attacked.