Cryptocurrency Q&A
What is GMT called now?
What is GMT called now?
Federica
Fri Jun 28 2024
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7 answers
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Could you elaborate on the current nomenclature surrounding GMT in the realm of cryptocurrency and finance? I've heard that there has been a change in terminology and I'm curious to know what it is being referred to as nowadays. Given the ever-evolving nature of this industry, it's crucial to stay updated on such matters. Could you provide a concise yet comprehensive answer to satisfy my inquiry?
7 answers
Federica
Sun Jun 30 2024
Before the advent of 1972, the time standard that was globally recognized had a different name.
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InfinityEcho
Sun Jun 30 2024
This time standard was originally known as Greenwich Mean Time (GMT).
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Bianca
Sun Jun 30 2024
GMT was named so due to its correlation with the mean solar time at the Royal Observatory in Greenwich, London.
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Caterina
Sun Jun 30 2024
However, with the increasing globalization and the need for a more uniform time standard, GMT underwent a transformation.
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MysterylitRapture
Sun Jun 30 2024
In 1972, the international community agreed to adopt a new time standard called Coordinated Universal Time (UTC).
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