Digital currency is a virtual currency with blockchain as the underlying technology. Digital currency is a major innovation in the history of human currency development. It can bring many changes to life, and we can also find investment opportunities from it. , so what are the application fields of digital currency?

1. Payment field: Digital currency eliminates the involvement of third parties and reduces transaction costs; at the same time, the decentralized feature makes digital currency payments anonymous and can ensure privacy and security.

2. Ensure the storage of value: The way digital currency is generated is destined to have a limited total number, so it is difficult to be affected by inflation; at the same time, transmission can only occur when a user cryptographically approves a specific transaction - This is an operation called "signing with a private key." This means that only users holding private keys can control their assets.

3. Smart contracts: The characteristics of distributed storage can make information difficult to change, so the validity of the contract can be guaranteed. When blockchain technology is applied to contracts, credit risks can be avoided to a great extent.

4. Small transactions: For example, when browsing an article, we sometimes only want to obtain part of the content in the article, but traditional payment methods require us to pay the full price of the article. . Digital currency can solve this problem.

The above are the digital currency application areas I have shared with you. I hope it will be helpful to everyone.