Digital currency payment transfer in order to facilitate easy payment and give the payee more confidence in not letting go of their electronic wallet during the transaction. A cryptocurrency is a type of digital asset that relies on cryptography for chaining together digital signatures of asset transfers, peer-to-peer networking and decentralization. In some cases a proof-of-work or proof-of-stake scheme is used to create and manage the currency. Cryptocurrencies allow electronic money systems to be decentralized. The first and most popular system is bitcoin, a peer-to-peer electronic monetary system based on cryptography. A virtual currency has been defined in 2012 by the European
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.