Digital currency is an alternative currency in the form of electronic money. At present, countries all over the world are conducting research on this and discussing the possibility of future issuance, or issuance testing has already begun. At present, the People’s Bank of China is the first official institution in the world to express a digital currency. It is part of virtual currency.
There are three types of digital currency: cryptocurrency, stablecoins and CBDCs. Cryptocurrency is a form of decentralized digital currency that isn’t pegged to any fiat currency. It uses cryptography to manage its ledger systems, and the market determines its value. Bitcoin was the first cryptocurrency.
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