digital coins


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digital coins

An earlier form of electronic travelers check. Called "e-money" and "e-cash," the concept is that digital coins are downloaded from a participating bank into the user's computer, or an account is set up within the bank. Either the coins or the transactions that debit the account are transmitted to the merchant for payment, and all transactions are encrypted.

Many believed that digital coins would fuel a new online information industry that would allow customers to pay in smaller increments, such as five cents a lookup or 10 cents per download; even a fraction of a cent for more trivial transactions. However, the digital coin concept never took off. See First Virtual, Open Market and smart card.
References in periodicals archive ?
Flipping digital coins is akin to a game, he said, and many people are playing with only a thin grasp of the rules.
Blockchain may or may not change the way banks transfer money or the way credit payments are made, but there is little question that the offer and sale of the digital coins are securities which need to be registered or exempt from registration in the Commonwealth," Galvin said in a statement announcing the sweep.
This currency has changed a series of the Bitcoin's parameters, for example, it accelerated the creation of the digital coins.
Traders will further sell these digital coins (coin packets) in lieu of real currency to end-user customers, after which, every customer will have an independent coin wallet account created for himself / herself.
Essentially, they are digital coins you can send and received via the internet into and out of your online bitcoin wallet.
The applications feature a variety of magic tricks, from controlling time and predicting the future to reading minds and turning digital coins into real money.
Mining for cryptocurrency is a task that involves solving complicated mathematical problems, which help to confirm and process transactions made with the digital coins.
Bitcoin, the world's best-known cryptocurrency, fell 7 percent on Monday to a fresh 2-1/2-month low of $7,599 on back of growing worries about a regulatory clampdown and bans on the purchase of the digital coins, Reuters has reported.
Last year's explosive rise in the value of digital coins and the flood of new retail investors drawn to the market have rattled global regulators nervous about a sector used largely for speculation.
Bitcoin is independent of governments and banks and uses blockchain technology, where encrypted digital coins are created by supercomputers.
Summary: Solarcoin aims to incentivise global solar energy production by disbursing digital coins
com) has announced the launch of two powerful miners for leading cryptocurrencies bitcoin and litecoin, allowing users to easily process transactions and track the release of new digital coins.

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