What Does Digital Mean?
Digital refers to electronic technology that operates using binary code, representing information as a series of 1s and 0s.
In this context, the positive state is represented by 1, while the non-positive state is represented by 0.
Digital technology can generate, store, and process data in this binary format.
Digital technologies encompass various electronic tools, systems, devices, and resources that can generate, store, or process data.
Unveiling the Origin and Essence of Digital Information
The word “digital” originates from the Latin word “digitus,” meaning finger, as fingers are commonly used for counting.
In essence, something described as digital records or stores information using a series of 1s and 0s to indicate the presence or absence of certain elements.
It takes the form of binary digits.
From 1s and 0s to Blockchain Transactions
Cryptocurrencies, such as Bitcoin, are examples of digital-only currencies.
They exist solely as digital data represented by 1s and 0s.
There are no physical Bitcoin coins in the real world.
Instead, all Bitcoin transactions and ownership are recorded and stored on a blockchain digital ledger.
When transferring cryptocurrencies, you essentially transfer the data of 1s and 0s from one crypto address or wallet to another.