Question

- What is digital currency?

- What are the similarities between digital cash and real cash?

- When are the differences between the two?

- What is an hash function?

Answer 1

1) Digital currency is a balance or a record store din a distributed database on the internet ,in an electronic computer database ,within a stored-value card .Examples of digital currencies include cryptocurrencies,virtual currencies ,central bank digital currencies and e-cash.

2) Consumers enjoy the benefits of having multiple options and conveinence; 1; transaction now happen at the blink of an eye .Or should I say ,at the scan of a QR code . Coupled with secured and well placed risk management guidelines ,it is an example of modern day convenience. 2;you don't find often find yourself sifting through bundles of cash or squabbling over loose change anymore,do you?

Merchants use digital payments to better the customer experience;    1;Asset options .merchants can choose between assets like PoS amd mPOS devices or asset-light options like bharat QR and UPI that do not require additional investments . 2;No hasssles of management. The merchant is rid of cash handling,human errors in tallying and depositing cash ,pilferage ,lack of change...etc

3) 1; A wide variety of payment options exist today , they can chosen from based on convenience ,safety,cost and speed   2;Promotions, discounts and other offers from these payment options enchance the consumers buying experience and reduce transaction cost 3;Card control apps-some apps allow a customer to load his card details and set controls on its usage i.e. channels of usage ,international usage ,transaction limits etc.

4)A hash function is any function that can be used to map data of arbitrary size to fixed size values . The values, hash values , hash codes , digests or simply hashes. The values are used to index a fixed size table called a hash table.