In an effort to webify currency for ecommerce digital curren

In an effort to \"webify\" currency for e-commerce, digital currencies were created. Discuss the pros and cons of digital currency versus physical currency (electronic funds in banks are still considered physical currency). How are these newly created digital currencies valued? Find an example of a digital currency, explain where it is used, and describe how security is or isn\'t implemented.

Solution

physical currency can be used whener we are in need and it is accepted world wise as exchange instrument. and we can easily carry always some amount. every one is accepts it as ready to exchange instrument. there are many chances to tare the currency, theft by some one else or may be chances to loose it.

where as digital currency is like elecronic form currency, which can be stored in electronic form. and it posses all the charecterictics of physical currency apart from in the form. it is also widely acceptable for exchange and people who are not able to carry physical currency they change it into electronic form and completes their transactions. the lilmitation of this currecny is in all the places it is not accepting as currency. and the technology and bankers aslo should support to do it.
crypto currency and virtual currencies are examples of digital currencies.

virtual currency is like a note issued by one player and is accepted by all the players in the community.

crypto currency is like a digital currency, where the crypto can be converts into currency. these currencies are highly secured in nature and the utilisations are very limited in nature.