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Want to Speak Crypto?
ATAIX glossary all you need to know.
Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.
ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!
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What is Casascius Coin?
Casascius Coins are physical Bitcoins created by Casascius, a company run by Mike Caldwell, a software engineer from Utah, in 2011. Each coin is backed by one unit of Bitcoin. The coins are available in brass, silver, and gold-plated versions, each with different weight and size.
The face of the coin has a hologram that contains a unique bitcoin address. When the private key from the hologram is entered into a Bitcoin wallet, it allows the holder to spend the bitcoins associated with that address.
Each Casascius Coin is backed by 1 gram of real gold, making it a valuable commodity and a form of digital currency. As of November 2013, there were about 85,000 Casascius Coins in circulation with a value of over $60 million USD.
Casascius Coins are no longer being produced, but they remain a popular collectible among bitcoin enthusiasts. Those interested in investing in Casascius Coins should do their research to ensure they are buying a genuine coin from a reputable source.