What does gBit mean? (What does Bit mean?)

gBit means, in the world of cryptocurrency, “G” refers to “Generation”, which is generated through mining. The difference between Bitcoin and Ethereum is that it is not a digital asset or virtual commodity, but a decentralized system itself, where there is no intermediary that can interfere with the interests of its users, developers, or even users. As the blockchain is a highly automated market and more and more people join in, these new trading platforms have become more active. Therefore, people have started to pay attention to the price trends of Bitcoin and other cryptocurrencies. However, there have been some issues with Bitcoin price fluctuations in the market recently. For example, some people say, “If a large amount of funds flows into this small currency, and there is enough funds entering this project, then this fund is likely to be directly used to buy Bitcoin or other altcoins.” Is this kind of statement a big negative news for Bitcoin? In fact, besides Bitcoin, many other coins haven’t had significant increases, so it can be said that they are indeed rising. {Title}: What does Bit mean?