What are digital currencies?

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In recent years, digital currencies have become the talk of the town in financial and economic circles around the world. Digital currencies, also known as cryptocurrencies, are a type of digital asset that uses encryption techniques to secure transactions and control the creation of new units. The idea of ​​digital currencies arose as an attempt to create a decentralized financial system based on the Internet, allowing individuals and companies to deal directly without the need for a traditional financial intermediary such as banks.هل التداول ممنوع في العراق
The most famous and popular of these currencies is Bitcoin, which was launched in 2009 by a person or group of people under the pseudonym “Satoshi Nakamoto”. Since then, thousands of other digital currencies have emerged such as Ethereum, Ripple, and Litecoin, each offering different features and uses.