LeoGlossary: Digital

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A system that generates and process binary (1 and 0) data.

Essentially this can be thought of anything tied to modern day computing since they use bits, which form bytes, as the basis.

It is the era that basically followed the electronic age. As the digital period arose, especially the introduction of the Internet, many aspects of society changed. Over time, we saw many goods that were once in physical form moved into the digital realm.

A few are:

  • video
  • music
  • information
  • photographs/pictures

Even money has transformed itself from something that was in the form of banknotes and coins to parts of digital ledgers. The monetary system today includes a digital communications network that is a mix of financial institutions that provide services along with payments.

This is the foundation for ledger based money.


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