Cryptographic digital currencies allow for a new system of robust, transparent, and efficient monetary management.
From a technology perspective, existing monetary systems require paper-based cash or utilizing a private third party service (e.g. Visa, American Express) to send money far distances. From an economic perspective, holders of government issued currencies (e.g. United States Dollar, European Euro) are required to trust centralized authorities that overall monetary valuations will remain stable and that online transfers or holdings cannot be seized.
The advent of cryptographic digital money has leapfrogged over this archaic system by using blockchain technologies to create a new truly person-to-person (Peer-to-peer) environment of money transfer. There is no need for a centralized party to control a cryptocurrency, nor is there any type of restrictions or rules of usage. Cryptocurrencies provide people across the globe with instant, secure, and frictionless money.
Blockchain Money Definition
Cryptographic digital currencies use cryptography and blockchain technologies to provide anybody with an internet connection, with global, nearly-instant, and frictionless money. This is possible by using advanced encryption and blockchain technologies to provide a robust and secure network of money management.