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Published on Nov 28, 2021

Bandwidth

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#Glossary
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From a technical perspective, bandwidth is defined as the total megabytes or gigabytes per second of data a network is capable of handling. When the network reaches its bandwidth limit, the data flow becomes insufficient to handle the volume, resulting in a slower connection.

In cryptocurrency, just like the Dollar, bandwidth would act as a type of currency on a decentralized network. Bandwidth has the potential to provide perfect transparency and security without the need for a centralized financial institution. Bandwidth can become a super currency capable of functioning in the absence of central banks.

The core issue with bandwidth is the credibility of the money. Without faith and belief in the system, a physical, virtual, electronic, or abstract currency cannot exist. Regardless, bandwidth is significant and may aid in the progress of technology in the blockchain business.


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