1.2 Cryptocurrency Encryption

Encrypted cryptocurrency is a significant application on the blockchain. As the name suggests, cryptocurrency focuses on cryptography. Cryptography provides a mechanism for encoding the rules of cryptocurrencies into the system itself. Not only does cryptography help prevent interference with the system to avoid confusion, but it also enables the encoding of currency units into mathematical chains.

The concept of a distributed social network with encrypted cryptocurrency, based on the BIMP distributed public chain, realizes this idea. By relying on the blockchain's immutable and secure properties, it creates a peer-to-peer community that allows everyone to engage in encrypted digital currency transactions and exchanges.