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The world's three major virtual digital currencies

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2024-04-26 10:46:06373browse

The three major mainstream virtual digital currencies in the world are: Bitcoin (BTC): a decentralized cryptocurrency that is scarce and serves as a store of value; Ethereum (ETH): a blockchain-based platform that uses For developing decentralized applications, use Ethereum to pay fees; Litecoin (LTC): a fork of Bitcoin with faster transaction speeds and lower fees, suitable for daily use.

The world's three major virtual digital currencies

The world’s three major virtual digital currencies

Virtual digital currencies, also known as cryptocurrencies, have become an important component of the global financial landscape. part. Among them, the following three cryptocurrencies dominate.

Bitcoin (BTC)

Bitcoin, born in 2009, is the first and most famous cryptocurrency. As a decentralized digital currency, Bitcoin uses blockchain technology to verify transactions and ensure security. Its scarcity, limited to 21 million pieces, also lends itself to its store-of-value properties.

Ethereum (ETH)

Ethereum is a blockchain-based platform launched in 2015. It allows developers to build decentralized applications (dApps) on top of it. Ethereum uses its own native cryptocurrency, Ethereum (ETH), for paying network fees and transaction fees.

Litecoin (LTC)

Created in 2011, Litecoin is a fork of Bitcoin. Similar to Bitcoin, it is also a blockchain-based cryptocurrency. But compared with Bitcoin, Litecoin has faster transaction speeds and lower handling fees, making it more suitable for small payments and daily use.

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