Bitcoin

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A type of electronic cash, bitcoin (BTC) can be described as a cryptocurrency. This is a digital currency that is decentralized without an administrator or a central bank. No intermediaries are present when sending BTC from one user to another. This is because the currency presents a peer-to-peer network that people use to directly send the coins. Verification of the transactions is done via a cryptograph by the network nodes. A blockchain, also known as a public distributed ledger, is used to record the transactions.

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