The original Windows 95 "Inbox" client also used MAPI and was called "Microsoft Exchange". A stripped down version of the Exchange Client that does not have support for Exchange Server was released as Windows Messaging to avoid confusion; it was included with Windows 95 OSR2, Windows 98, and Windows NT 4. It was discontinued because of the move to email standards such as SMTP, IMAP, and POP3, all of which Outlook Express supports better than Windows Messaging.

The current version, Exchange Server 2019,[2] was released in October 2018. Unlike other Office Server 2019 products such as SharePoint and Skype for Business, Exchange Server 2019 can only be deployed on Windows Server 2019. One of the key features of the new release is that Exchange Server can be deployed onto Windows Server Core for the first time, additionally Microsoft has retired the Unified Messaging feature of Exchange, meaning that Skype for Business on-premises customers will have to use alternative solutions for voicemail, such as Azure cloud voicemail. Unified Messaging continues to exist in Exchange Online requiring an Exchange Plan 2 license.

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E-mail hosted on an Exchange Server can also be accessed using POP3, and IMAP4 protocols, using clients such as Windows Live Mail, Mozilla Thunderbird, and Lotus Notes. These protocols must be enabled on the server. Exchange Server mailboxes can also be accessed through a web browser, using Outlook Web App (OWA). Exchange Server 2003 also featured a version of OWA for mobile devices, called Outlook Mobile Access (OMA).

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Like Windows Server products, Exchange Server requires client access licenses, which are different from Windows CALs. Corporate license agreements, such as the Enterprise Agreement, or EA, include Exchange Server CALs. It also comes as part of the Core CAL. Just like Windows Server and other server products from Microsoft, there is the choice to use User CALs or Device CALs. Device CALs are assigned to devices (workstation, laptop or PDA), which may be used by one or more users.[10] User CALs, are assigned to users, allowing them to access Exchange from any device. User and Device CALs have the same price, however, they cannot be used interchangeably.

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The first version was called Exchange Server 4.0, to position it as the successor to the related Microsoft Mail 3.5. Exchange initially used the X.400 directory service but switched to Active Directory later. Until version 5.0 it came bundled with an email client called Microsoft Exchange Client. This was discontinued in favor of Microsoft Outlook. 

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Peer to peer (P2P) electronic cash is simply described as online money sent from one person to another without the need for a trusted third-party. As described in the original Bitcoin whitepaper by Satoshi Nakamoto, P2P cash makes use of digital signatures as part of the solution, but the main benefits are lost if a trusted third party is still required to prevent fraud. This makes P2P cash a trustless and safe way to transact without the need of intermediaries.

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At the time of the software upgrade (also known as a fork) anyone owning bitcoin was also in possession of the same number of Bitcoin Cash units.[19][16] The technical difference between Bitcoin Cash and Bitcoin is that Bitcoin Cash allows larger blocks in its blockchain than Bitcoin, which in theory allows it to process more transactions per second.[20] Bitcoin Cash was the first of the Bitcoin forks, in which software-development teams modified the original Bitcoin computer code and released coins with “Bitcoin" in their names, with "the goal of creating money out of thin air."[21] In relation to Bitcoin it is characterized variously as a spin-off,[5] a strand,[22] a product of a hard fork,[23] an offshoot,[24] a clone,[15] a second version[14] or an altcoin. On 1 August 2017 Bitcoin Cash began trading at about $240, while bitcoin traded at about $2,700.[16] 

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