Author(s)

Yuan Yuan

Corresponding Author

Yuan Yuan

Abstract

This paper delves into the realm of digital currencies, a revolutionary form of money that exists in digital form and leverages cryptography-based encryption technology for secure verification and transaction recording. Digital currencies, in contrast to traditional currencies, do not rely on central banks or government issuance but are instead issued, traded, and managed through a decentralized network of technologies. Originating in 2008 with the proposal of Bitcoin by Satoshi Nakamoto, digital currencies have evolved significantly, leading to the emergence of various types including cryptocurrencies, centralized digital currencies, and non-fungible tokens.

Keywords

digital currencies; financial stability; risk assessment; prevention