The role of currency in the country's economy

From ancient times the grains, salt, saffron, and many spices have been used as currency for transactions. One thousand years before Christ, bronze was minted in China and introduced as the world's first regular currency. Coins made of gold, silver, and other precious metals have been used for money transactions for centuries to keep the currency legal and its value equal. In the 7th century, merchants of the Chinese civilization "Tung" began to make paper currency to relieve the burden of coins, and in the early 11th century, the first paper currency in the Chinese civilization "Song" Started using. Paper money was introduced to Europe in the thirteenth century thanks to Marco Polo and William Reuberk. Marco Polo also wrote in his book, The Travels of Marco Polo, referring to the U.N. Empire: Let's do it. " Over time, the shape and quality of paper notes improved, followed by the introduction of credit cards, dubbed plastic currency. After the advent of the Internet, "e-currency" was introduced for money transactions, which made it easier for consumers to shop on the Internet. But a few years ago, cryptocurrency was introduced. Cryptocurrency is also called alternative or invisible currency. The first cryptocurrency to be introduced worldwide was bitcoin. Since then, many digital currencies have come into the market, the prices of which have skyrocketed in the last two to three years and have led millions of people around the world to become billionaires in a short period of time. The first coin to be introduced in the digital currency, the bitcoin is currently selling at its highest price of $54,515.24 per coin.

The world's first digital currency was used under the concept of "cryptocurrency", which was first introduced in 1998 by "Wei Dai" to his cypherpunks (individuals who access their privacy on computer networks, especially from government authorities). Formulated a mailing list, in which he proposed to redesign the money in a way that would create and transfer cryptography (cryptography, cryptography, or cryptocurrencies rather than central authorities). Contain the procedure. Shortly afterward, Nick Sabo, an American cryptographer, created a currency called Bit Gold. It was an electronic currency system. The world's first decentralized cryptocurrency was created by Satoshi Nakamoto, a developer. The details of the first bitcoin and the arguments for it were published in 2009 on Satoshi Nakamoto's cryptography mailing list. Satoshi left the project in late 2010 without disclosing further details, but several developers on his e-mail list began working on the Bitcoin project. Satoshi's disappearance has raised unwarranted reservations among many, many of whom have misunderstood Bitcoin's "open source" structure. Now the Bitcoin protocol and software have been published to the public and any developer in the world can review this code and create a new version of their modified bitcoin software in exactly the same way as existing developers. Satoshi's influence was very limited on the changes that others achieved and Satoshi could not control it. Bitcoin, Ethereum, and Bitcoin are virtual like online banking networks and credit cards. Like other types of currency, they can be used for online shopping and shopping at physical stores, while paper currency can also be obtained by exchanging it with a money changer. However, most people find it easier to pay via mobile phone. However, the future of cryptocurrency is far from certain. Digital coins/currencies are traded in some countries

What is cryptocurrency?

• Many cryptocurrencies have been introduced around the world since the rapid rise in the value of bitcoin. There are currently more than 3,000 cryptocurrencies circulating the world, each with a different value. The popularity of digital currencies is increasing day by day due to the lack of monopoly of any one country. Corrupt currency transactions are growing rapidly at the individual and business levels. Its trading business includes restaurants, apartments, law firms, and well-known online service providers Namecheap, WordPress, Reddit, and Flattr. The popularity of the most popular bitcoin in the digital currency is increasing day by day and millions of dollars worth of bitcoins are being bought and sold every day.

One of the unique things about digital currency is that no one owns it and no one claims ownership of the technology behind it. The cryptocurrency is controlled by its users around the world, developers can make this software even better, but they cannot change the protocol of this currency, because each user has his own software And the version is completely free to use. To be compatible with each other, all users need to use software that meets the same rules. Cryptocurrency works only when there is complete compatibility between all users. That's why all users and developers work hard to protect this compatibility.

How does a corrupt currency work?

From a user's point of view, cryptocurrency is nothing more than a mobile application and computer program that provides a personal cryptocurrency wallet through which the user sends and receives coins (digital currency). But in contrast to the user's point of view, the digital currency coin network contributes to a public ledger called a "blockchain". This ledger contains details of all transactions and verifies the accuracy of each transaction to the user's computer. Each transaction is protected by a digital signature to prevent counterfeiting, while coins are also given as a reward for providing the service through a computer or certain hardware, often referred to as "mining". Are

* Payment method with cryptocurrency:

Purchasing with digital currency is easier than with a credit or debit card and can be received without any merchant account. Payments are made through the Wallet application and you can also use this application from your computer and smartphone. To send money, enter the recipient's address and the amount to be paid and press the Send button. To make it easier for recipients to write an ad race, use a smartphone to use a QR code (address, phone numbers, email address, and website-specific code that contains black and white squares and scan Transfers all information to the phone (scan). With this method, money can be transferred and received instantly anywhere in the world at any time. The procedure is free from any restrictions on borders, bank holidays, and government policies.

The cryptocurrency gives the user complete control over their money. There is no charge for digital currency payments, but there is a small fee for converting bitcoins into paper notes or depositing them directly into the seller's bank account, which PayPal and credit card networks Are much lower than Cryptocurrency transactions are secure, non-refundable, and do not include sensitive and private user information. That is why it is considered a safe and trustworthy currency for business purposes and business people can avoid credit card fraud as much as possible. The user of digital currency has complete control over his transaction and it is impossible for the seller to charge additional fees in terms of fees from the user who pays through cryptocurrency.