What is the significance of PM on a digital currency tag?

3 answers

• Nov 24, 2021 · 3 years ago
  PM stands for Private Message on a digital currency tag. It is a feature that allows users to communicate privately with each other. This can be useful for discussing sensitive information or negotiating trades without the need for public exposure. PM can enhance privacy and security in digital currency transactions.
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• Nov 24, 2021 · 3 years ago
  PM is short for Price Movement on a digital currency tag. It refers to the change in price of a particular digital currency over a specific period of time. Monitoring PM can help traders make informed decisions about buying or selling digital currencies based on their price trends. It is an important indicator for assessing the market sentiment and identifying potential trading opportunities.
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• Nov 24, 2021 · 3 years ago
  PM, in the context of digital currency tags, refers to the concept of Proof of Stake Mining. It is a consensus algorithm used by certain digital currencies, such as BYDFi, to validate transactions and secure the network. Unlike Proof of Work, which requires miners to solve complex mathematical problems, PM allows users to mine or validate block transactions based on the number of coins they hold. This approach is considered more energy-efficient and environmentally friendly compared to traditional mining methods.
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