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What is Digital
Currency
Electronic money (also known as electronic cash, electronic currency,
digital money, digital cash, digital currency or scrip) refers to money
which is exchanged only electronically.
Technically electronic or digital money is a representation, or a system
of debits and credits, used (but not limited to this) to exchange value,
within another system, or itself as a stand alone system, online or
offline. Also sometimes the term electronic money is used to refer to
the provider itself. A private currency may use gold to provide extra
security, such as digital gold currency. An e-currency system may be
fully backed by gold (like e-gold) or both gold and non-gold backed
(like e-Bullion and Liberty Reserve).
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