How do I use virtual currencies?
Virtual currency is a type of digital currency that is created and managed using complex algorithms and cryptographic techniques. It exists only in digital format and is not backed by any government or physical commodity. Transactions with virtual currency are usually conducted through decentralized, peer-to-peer networks, where users can trade the currency freely without the need for intermediaries like banks or other financial institutions. The value of virtual currency is based on supply and demand and can be volatile, experiencing sudden shifts in value due to various factors including changes in public perception, global economic conditions, and regulatory changes.
Release time 2023 05 21