Digital currency
October 8, 2021
Digital currencies: what are they, how are they created, how are they used? Known as bitcoin, stablecoin, etherium and dogecoin, all are created by blockchain technology, mined from complicated mathematical formulas on the internet.
The time will come when you can use them to buy coffee at Starbucks, but until then, they come with serious risks. They have no government controls, no central bank and no liability. They have been used to ransom kidnapped computer programs and may be linked to dark web activity including human trafficking and terrorism.
Are there benefits? Privacy is one of them....
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