Advantages

1. Protected from loss of value or inflation 

The bane of global economies is inflation, which has hurt many traditional currencies and still poses a threat. However, because digital currencies are created with a finite supply and a market ceiling, their value rises in response to market demand in a way that keeps up with it, protecting them against inflation over time. the extended

      2. Self-control and sustainable maintenance

Any currency's management and upkeep are thought to be key components in its growth and sustainability. When using digital currencies, miners store transactions on their computers within the blockchain network and are rewarded with the money itself. As a result, they maintain precise and up-to-date transaction records, maintaining the decentralized security of virtual currency.

       3. Security and privacy

It can be said, based on what we mentioned in our article here from the beginning, that they were the primary motivation for building digital currencies from the beginning, so the records of the blockchain network are based in their construction on different encryption algorithms that are difficult to decipher or analyze. This makes the digital currency safer than regular electronic transactions, in addition to the use of pseudonyms or account numbers that are not linked to any user or account or stored data that can be linked to a profile, in order to achieve the principle of privacy.

      4. Possibility of easily exchanging currencies

One of the very important advantages is that it gave digital currencies real value in the midst of physical transactions, as they can be exchanged for regular currencies as a corresponding exchange value, which means that each of them has a variable exchange rate with the major global currencies - such as the US dollar USD, the British pound GBP, the euro EUR, or the yen. Japanese JPY - which helped in its spread and acceptance and demand as it is an alternative to regular cash transactions, and equivalent to them in value.

        5. Decentralization

Unlike regular currencies or fiat currencies that are controlled by governments represented by central banks, digital currencies are decentralized in nature and cannot be controlled, increased in number, stopped from being dealt with, or made available except by those who use them and own the largest quantity, or through the organization that created them. Or develop it before putting it on the market, which helps preserve it from monopoly and protect it from determining the flow or value to ensure its stability, privacy, transparency and security.

         6. Low cost and speed of transfers

One of the most important uses of digital currencies is to transfer money, and the cost or fees of transfers are one of the most important factors that are taken into consideration to judge the quality of the system or transfer process. In digital currency exchanges, the transaction fees paid by the user are reduced to a small amount or may reach zero and are Directly between user accounts and quickly. So we do not need third parties, such as VISA or SWIFT, to verify the transaction. This eliminates the need to pay any additional transaction fees, or wait a long time .