About virtual currency, there are 03 different understandings:
Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
The type is not real value, not guaranteed by cash, gold, and valuable assets.
The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.
The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.
Virtual money are those currencies that cannot be touch (intangible), cannot be seen, but the presence is there. Can be used in online transaction such as online shopping and other transactions. Virtual is term near about electronic and it is controlled by ledger. It is widely use by the people since it is easy to access with it rather than the real money that we have. This virtual money can be transfer to others, and can be exchange to other cryptocurrencies.