How does the consumption of a digital currency by one person not prevent consumption by another?

3 answers

• Apr 16, 2022 · 3 years ago
  Well, in the world of digital currency, the concept of ownership is quite different from traditional currencies. When one person consumes a certain amount of digital currency, it doesn't mean that the currency is physically transferred from one wallet to another. Instead, the ownership of that amount of digital currency is recorded on a decentralized ledger, such as a blockchain. This means that multiple individuals can simultaneously own and consume the same amount of digital currency without any conflict.
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• Apr 16, 2022 · 3 years ago
  Imagine digital currency as a virtual cake. When one person takes a slice of the cake, it doesn't mean that the cake is gone or that others can't have a slice. The cake is virtual and can be infinitely divided and shared among different individuals. Similarly, digital currency can be divided into small units and shared among multiple people without any limitations. So, the consumption of digital currency by one person doesn't prevent others from consuming the same amount.
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• Apr 16, 2022 · 3 years ago
  From BYDFi's perspective, the consumption of a digital currency by one person doesn't prevent consumption by another due to the decentralized nature of digital currencies. In a decentralized system, transactions are verified and recorded by a network of computers, ensuring that the consumption of digital currency is transparent and secure. This allows for simultaneous consumption by multiple individuals, as the network ensures that each transaction is valid and doesn't conflict with others. So, rest assured, your consumption of digital currency won't prevent others from enjoying the benefits of their own digital currency holdings.
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