What does digital currency v1 refer to (digital currency tvl)
What does digital currency v1 refer to Bitcoin was a very important concept in the early days, as it was used to describe a means of storing value. However, with the continuous development and application of encrypted assets, as well as the increase in the application of various blockchain technologies, these new functions are also beginning to emerge. For example, when users use Bitcoin wallets for transactions, they will hand over their private key to the exchange, which can make Bitcoin more secure. Therefore, digital currency v2 actually provides a new and more effective way by creating new tokens
Because many people associate it with Fiat money, people believe that digital currency is not suitable for payment tools or exchange media, while digital dollars (such as euros) are intended to replace traditional legal currencies. However, this statement is not correct – however, if necessary, digital dollars will have better security and stability than paper currency. Digital renminbi is designed for the same purpose:
First, replace cash with digital cash. This is an electronic payment solution based on email address distribution. Second, it is supported by a Currency basket, including the hard forked version of the US dollar, the Japanese yen and other similar things. According to a report by Coindesk, the total market value of the digital currency market is currently approximately $3.37 trillion. Between October 19, 2017 and early January 2018, this proportion increased fourfold. But since then, this level has dropped to its lowest point, and with the recovery of the encryption market and the rise in prices of other mainstream currencies such as Bitcoin, this indicator has dropped to its historical high (ATH). If this trend continues, it means that the total value of all assets will begin to decline from the beginning of 2021.
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