Digital currency of its creators. "Forbes" writer Tim Worstall has written that the value of bitcoin is largely derived from speculative trading. Bitcoin has also been criticised for its energy inefficient SHA-256-based proof of work. Digital currency Digital currency (digital money, electronic money or electronic currency) is a type of currency available in digital form (in contrast to physical, such as banknotes and coins). It exhibits properties similar to physical currencies, but can allow for instantaneous transactions and borderless transfer-of-ownership. Examples include virtual currencies and cryptocurrencies and central bank issued money accounted for in a computer database (including digital base money). Like
Ven (currency) Ven (currency) Ven (sign: VEN) is a representative digital currency traded in international financial markets. Its origin was as a community currency used by members Hub Culture to trade knowledge, goods and services. The value of Ven is determined by a basket of backing currencies, commodities and assets. It trades against major currencies at floating exchange rates. Ven is currently listed on the LMAX Exchange. It has also been traded on the Kraken cryptocurrency exchange. The issuing company Hub Culture was founded in 2002 by Stan Stalnaker. Hub Culture launched Ven on 4 July 2007, as its own community currency.