Cryptocurrency Q&A Why is it called bit?

Why is it called bit?

SoulStorm Sat Sep 14 2024 | 7 answers 1576

Could you elaborate on the origins of the term "bit" being used in cryptocurrency? Is there a specific historical context or technological reason behind it? It seems intriguing that such a ubiquitous concept in digital information is also applied to this rapidly evolving financial landscape. Could you shed some light on the significance and choice of this term? Why is it called bit?

Why is it called bit?

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