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Forward Auctions
A type of auction where buyers bid against each other to procure a good or service, with the price typically increasing with each bid.
Prices
The amount of money required to purchase goods or services, determined by factors such as supply, demand, and production cost.
Bitcoin
A digital currency that operates independently of a central bank or a single administrator, allowing users to send it directly to one another on the bitcoin network, which is peer-to-peer.
Traditional Currency
Money that is issued by governments as legal tender, typically in the form of coins and paper bills, used as a medium of exchange for goods and services.
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