What is the Chinese meaning of “Coin” (What does “coin” mean in English)?

The Chinese translation of \”Coin\” is \”币\” (bì) according to Coindesk. It refers t

What is the Chinese meaning of Coin (What does coin mean in English)?

The Chinese translation of “Coin” is “币” (bì) according to Coindesk. It refers to digital assets that can be used for payment with Bitcoin or Ethereum. With the emergence of blockchain technology, people can use cryptography to solve the issue of conducting transactions through electronic cash systems. Although Bitcoin and cryptocurrencies are not considered true forms of currency, they are commodities with practical applications in the financial field and are becoming more valuable over time.

What does “coin” mean in English

According to Coindesk, the word “coin” in English means “currency”. According to Bitcoin.com, “money” can be a means of storing value and is used for financial services such as payments and investment transactions. However, Bitcoin is not maintained or controlled by a single entity. In fact, cryptocurrencies like BTC also fall under this definition of digital currency.

Although Bitcoin is seen as a virtual commodity, it does not have physical existence. Instead, when people want to buy, sell, or exchange these things, they use tokens as their payment method, which means users do not need to involve third-party institutions to access their funds.

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