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[FAQ] What is a 3-wire 4-20mA current transmitter?

Other Parts Discussed in Thread: XTR110, XTR111, XTR305, XTR300, DAC8760, DAC8775, DAC8750, DAC7750, DAC8771, DAC7760

What is a 3-wire 4-20mA current transmitter? How do I use one?