What is digital commodity?

What is DIGITAL COMMODITY ?-Definition of all finance terms

Definition of digital commodity

The commodity is one of an interchangeable good or product which can be exchanged in against of any other commodities without any mentioned value. In a digital world, this digitized commodity which is exchanged virtually with their intrinsic value. One of the most common digital commodity is BITCOIN in these days.

Breif Explanation of digital commodity

This new technological era of digital commodity facilitates many of their customers. All of the transactions of commodities have been done through a peer to peer transfer system without any delayed settlement.

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

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