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Posts Tagged ‘ASIC’

The Bitcoin Phenomenon/Digital Currency

Digital currency (such as Bitcoin) is a form of currency that only exists online or in the “digital world.  It acts as an “alternative currency”.  At this time, alternative digital currencies are not produced or endorsed by government backed financial institutions or backed by any specific national currency.  These are also called “cryptocurrencies”.  Since Bitcoin is the currently most popular, i’ll use it as the example.


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