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

What are the application fields in digital currency?

1 payment field: digital currency removes the intervention of third parties and reduces transaction costs; At the same time, the decentralized nature makes payment in digital currency anonymous, which can guarantee privacy.

2. Guaranteed value storage: digital currency was born in a limited way, so it is difficult to be affected by inflation; At the same time, only when the user approves a specific transaction in an encrypted way can it be transmitted-this is an operation called "signing with private key". This means that only users with private keys can control their assets.

3 Smart contract: The characteristics of distributed storage can make the information difficult to change, so it can guarantee the validity of the contract. When blockchain technology is applied to contracts, credit risk can be greatly avoided.

Small transaction: for example, when browsing a piece of information, we sometimes only want to get part of the information, while the traditional means of payment require us to pay the full price of the information. Digital currency can solve this problem.