Digital currency Digital currencies, or cryptocurrencies, are electronic tokens created by computer networks to exchange traditional currencies. Paying anything with a digital currency is not the same as paying with a credit card, debit card, PayPal or ApplePay, which accesses all electronically traditional currencies such as the US dollar, British pound and Chinese renminbi. In digital currency, electronic tokens are exchanged for traditional currencies and special token exchanges through tokens, such as BitPay. These exchanges operate to some extent similar to PayPal but are not affiliated with this company. Like gold, traditional currencies and commodities are valued based on national and international banking standards. Creating a digital currency To create cryptocurrencies, a distributed network of computers in a closed, Internet-based community works through a set of complex cryptographic algorithms, and the output of specialized programs is cryptocurrency represented by digital ...
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