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What does 6 bits mean (What is a bit digit)?

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What does 6 bits mean? What does 6 bits mean in Bitcoin? It refers to the combi

What does 6 bits mean (What is a bit digit)?

What does 6 bits mean? What does 6 bits mean in Bitcoin? It refers to the combination of six bits. Among them, 1, BTC (integer), 2, ETH (integer), and 3, 4 represent “6”, 5, 1=4;

8, What does BCH 6 bits mean? Its main meaning is “6 bits”. The meaning of 6 bits is one of the four commonly used words in the field of digital currency: cryptocurrency, Bitcoin Cash (6 individual tokens); 5, Ethereum Classic, Litecoin (6 small parts).

What is a bit digit?

Blockchain technology is the foundation of digital assets, and its value and application scope are gradually expanding to the entire cryptocurrency field. Currently, there are mainly Bitcoin, Ethereum, and other tokens based on public chains in the market, such as EOS, Litecoin, and so on. These tokens circulate and trade in a decentralized manner.

A bit digit is a new theory of cryptographic economics proposed by American computer scientist and former Harvard University math professor Eric Angell. This paper has been demonstrated in both Chinese and English, and proposes a new consensus mechanism. The bit digit introduces the technology of distributed ledger into the encrypted world, so that it can serve as the basis for trusted computation of data processing procedures and achieve peer-to-peer exchange. In this way, we have achieved a “smart contract” that does not require trust.

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