What is Digital Currency? and types of Digital Currencies

Since the arrival of Web 2.0, we have witnessed many changes in human lifestyle, especially the ones that directly relate to the internet. Whether from static pages to dynamic web pages, social media advancement from mails to apps or from cash-driven society to electronic money transactions. Digital currency, or digital money, is a new fad that is driving people crazy and the hype it has created since its inception is absolutely unbelievable.

What is Digital Currency?

The word anatomy certainly belongs to the science that studies the structure of the body, but it goes along quite well when someone is describing digital currency. The human body consists mainly of water and organic compounds, while digital currency or digital money is any form of money, currency, money-like asset or payment that is primarily managed, stored or exchanged in electronic form, especially over the internet.

Digital currencies or electronic currencies are known for making secure, transparent and trusted payments that exist only in a virtual format and are not tangible. They are mainly divided into two territories – centralised currencies and decentralised currencies. Now, you should know one thing upfront – centralised currencies are regulated and need licenses to operate, while decentralised currencies are complicated to regulate.

The money you have in your bank accounts is called electronic money. It does not fall in the category of digital currency because you can take your bank stored money out in cash form anytime you want, just by visiting the banks or ATMs. However, you can’t do such acts in the case of digital money as it never takes physical form, unlike currencies with printed banknotes or minted coins, which makes it exchangeable only via digital pars.

Types of Digital Currencies

Cryptocurrency

Almost everyone on this planet earth is aware of cryptocurrency due to its popularity over the last few years. It is a type of digital currency designed to work as a medium of exchange through a computer network that does not rely on any central authority, making it supremely rebellious. Cryptocurrencies are categorised into DeFi, NFT, utility tokens, and store of value tokens like Ethereum, Bitcoin and Litecoin.

Cryptocurrency uses encryption to verify transactions, and it is a digital currency with the actual value and worth, though it keeps fluctuating and volatile. It doesn’t belong to any specific nation and isn’t integrated with any one country’s economy. The first-ever cryptocurrency was Bitcoin, founded in 2009, and even today, it is a widely accepted and one of the most highly valued cryptocurrencies in the world.

Virtual Currency

Virtual currency is a type of digital currency which is not issued or controlled by a central bank. Also, in some cases, it acts as a substitute for real currency (only when it has an equivalent value), and then it is referred to as “convertible” virtual currency. They are further categorised by currency flow and classified as closed virtual currencies and convertible virtual currencies.

Central Bank Digital Currency or CBDC

Central Bank Digital Currency or CBDC is a type of digital currency issued by a central bank. The idea of Central Bank Digital Currency came from cryptocurrencies, but in reality, it differs from cryptocurrencies. The significant difference between these two is centralisation, where instead of putting money, the central bank issues electronic coins and accounts. The government backs all these coins and accounts, making the currency a fully trusted digital currency.

AMD Launches Six New Desktop CPU Models

Beginning with Zen 3 based Ryzen 5000, there are presently three new models. Deeply/16-string 5800X yet with support/base timekeepers diminished to 4.6/3.4GHz. Accordingly, it currently has a lower TDP of 65W and a sticker price of $299. Like the 5800X, you don’t get a container cooler with the 5700X regardless of the lower TDP. Similarly, the 6-core/12-string 5600X with timekeepers diminished to 4.4/3.5 GHz. It’s evaluated at $199 and incorporates the Wraith Stealth cooler.

Similarly, the 6-core/12-string 5600X with timekeepers diminished to 4.4/3.5GHz. It’s evaluated at $199 and incorporates the Wraith Stealth cooler. At the base finish of the 5000 series is the new Ryzen 5 5500. The 5500 is the 5600G with the coordinated Vega 7 GPU disabled, and timekeepers decreased to 4.2/3.6GHz. This additionally implies it gets just 19MB of the store (16MB L3, 3MB L2) and PCIe 3.0 help, as it were. It’s evaluated at $159 and accompanies a Wraith Stealth box cooler.

AMD introduced the Ryzen 7 5800X3D CPU returned in January at the same time as teasing the Ryzen 7000 computing device processors. This new Ryzen 7 5800X3D processor builds upon the prevailing octa-middle Ryzen 7 5800X CPU to provide extra overall performance with AMD’s 3-D V-Cache memory. In addition to the new Ryzen 5000 series chips, AMD will also launch three Ryzen 4000 SKUs (Ryzen 5 4600G, Ryzen 5 4500, and Ryzen 3 4100). All of these are 65WTDP entry-level chips for modest buyers.

The 5800X3D is a 5800X powered by AMD’s 3D VCache technology and significantly uses 3D die stacking to increase cache capacity. The standard 5800X has a significant 32MB L3 cache, while the 5800X3D has a whopping 96MB L3 cache. According to AMD, the 5800X is 15 times better than the 5900X in gaming, making it the fastest gaming CPU on the market. The Ryzen 7 5700X is valued at $299, while the Ryzen 5 5600 and the Ryzen 5 5500 will cost you $199 and $159, individually. Concerning the Ryzen 4000 SKUs, they start at $99 for the Ryzen 3 4100 and go up to $154 for the Ryzen 5 4600G with an iGPU. AMD has just declared the accessibility for the Ryzen 7 5800X3D. However, we’re anticipating that different CPUs should hit the racks toward the beginning of April.

OnePlus Nord CE 2 5G – First Impressions

Gone are the days when the month of February was celebrated as a month of love, as this year it’s undoubtedly going to be a month of smartphones as several top players from the smartphone industry are in the pipeline to launch their newbies in the market.

Earlier in the month, we witnessed a launch of the Samsung Galaxy S22 Series & Galaxy Tab S8 Series at the Galaxy Unpacked 2022 event, and today, another smartphone tycoon, OnePlus, launched their Nord CE 2 5G in India during a virtual event.

Alongside the OnePlus Nord CE 2 5G, the company also launched two smart TVs – Y1S and Y1S Edge in India, which comes under a company’s affordable Y-Series smart TV lineup. The company claims that the new TVs will bring a more “accessible connected ecosystem experience” across different screen sizes at an affordable price point.

First Impressions:

The OnePlus Nord 2 exactly looks like its elder sibling Nord CE 1, but when you turn it around, it seems poles apart as it features an all-different camera alignment, though both the smartphones are pretty sleek and stylish. The new Nord features an AI triple camera setup, where the primary camera has a 64-megapixel lens, the secondary camera has an ultrawide 8-megapixel lens and a 2-megapixel macro lens.

The company unveiled the smartphone on the OnePlus India YouTube channel and the company’s website. Design-wise, the smartphone looks premium, and has the power to hold your attention. It comes with Android 11 out of the box and sports a 6.43-inch full-HD+ AMOLED display with a refresh rate of 90Hz, HDR 10+ support, and Corning Gorilla Glass protection.

The handset comes with a 16-megapixel selfie camera on the front, which provides you with a prospect to shoot videos in 1080p@30fps. The 5G-ready smartphone boasts a MediaTek Dimensity 900 Octacore Chipset and 65W SuperVOOC fast Charging, which will fill the smartphone in mere 30 minutes.

The new Nord comes with two variants, 6GB/8GB of RAM, both in 128 GB of storage, a 3.5mm headphone jack and a micro SD slot that supports up to 1TB. The smartphone runs on Oxygen OS, and it will be available in two colours – Bahama Blue and Gray Mirror. The base variant of the smartphone is priced at ₹23,999, while the 8GB variant is priced at ₹24,999.