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Digital Currency
HomeGlossary TermsDigital Currency

Digital Currency

June 24, 2023BY Ubik Capital
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Digital currency refers to a type of currency that solely exists in electronic or virtual format, lacking any physical representation. Digital currencies offer numerous advantages over traditional currencies, including faster transaction speeds, enhanced transparency, and lower transaction costs. The advent of Bitcoin and its blockchain technology in 2009 solved the double-spend problem, marking a significant milestone in the development of digital currencies.

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