What is DIGITAL COMMODITY ?-Definition of all finance terms


The digital commodity is an interchangeable good or product that can be exchanged against any other commodities without any mentioned value. A virtual exchange of its intrinsic value takes place in a digital world. One of the most common digital commodities is BITCOIN these days.

Brief Explanation of digital commodity

This new technological era of this commodity facilitates many of their customers. All commodities transactions are peer-to-peer and there are no delays in settlement.

As BITCOIN is the most common digital currency. It takes all benefits of all precious metals, including gold by providing a higher value. This commodity has all the available features of a currency. All the transaction or exchanges of this commodity is based on a blockchain distributed application that uses all advanced applications of this current digitized era.

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