What does digital currency base currency mean

1.

Digital money (electronic money or electronic currency) is a kind of money in digital form (different from paper money and coins)

it shows properties similar to physical currency, but it can allow real-time transaction and borderless ownership transfer. Examples include virtual currency, cryptocurrency and currency issued by central bank and recorded in computer database (including digital base currency)

like traditional currencies, these currencies may be used to purchase physical goods and services, but they may also be restricted in some communities, such as online games

digital currency is the currency balance that is electronically recorded on stored value cards or other devices. Another form of electronic currency is network currency, which allows value transfer on computer network, especially on the Internet. E-money is also a creditor's right to other financial institutions such as private banks or bank deposits

digital money can be centralized, that is, it has a central point to control the money supply, or it can be decentralized, that is, the control power can have different sources

2.

Digital currency is a kind of legal tender, which must be issued by the central bank. Both digital gold coin and cryptocurrency belong to digital currency, which is not a network virtual currency, because it is not limited to virtual space, but is often used for real goods and services transactions, such as bitcoin, Wright coin, bitstock, etc. at present, there are thousands of digital currencies issued around the world

extended data:

1. Impact on financial infrastructure

the decentralized mechanism of value exchange based on distributed ledger technology has changed the basic settings of gross and net settlement on which financial market infrastructure depends. The use of distributed ledgers also poses challenges to trading, clearing and settlement, as it promotes the disintermediation of traditional service providers in different markets and infrastructures. These changes may have potential impacts on market infrastructure other than retail payment systems, such as large payment systems, securities settlement systems or trading databases

If digital currency and distributed ledger based technology are widely used, it will bring challenges to the intermediary role of financial system participants, especially banks. As a financial intermediary, banks perform the ties of acting supervisors and supervise borrowers on behalf of depositors. Usually, banks also carry out liquidity and maturity conversion business to realize the financing from depositors to borrowers. If digital currency and distributed ledger are widely used, any subsequent disintermediation may have an impact on savings or credit evaluation mechanisms

3. Digital money (electronic money or electronic currency) is a kind of money in digital form (different from paper money and coins). It shows properties similar to physical currency, but allows immediate transaction and boundaryless ownership transfer. Examples include virtual currency, cryptocurrency and currency issued by central bank and recorded in computer database (including digital base currency). Like traditional currencies, they may be used to buy physical goods and services, but they may also be restricted in some communities, such as online games[ 1]
digital currency is the currency balance that is electronically recorded on stored value cards or other devices. Another form of electronic currency is network currency, which allows value transfer on computer network, especially on the Internet. E-money is also a creditor's right to other financial institutions such as private banks or bank deposits[ 2]