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What is Bitcoin?

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What is bitcoin?

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Bitcoin refers to two things: Bitcoin is a payment network similar to Mastercard or Paypal, and bitcoins (the currency) are the medium of exchange on the bitcoin payment network. Bitcoin is a global currency, which is traded person to person without any need for a bank in the middle. Bitcoin is the first successful digital currency designed with trust in cryptography over central authorities. The properties of Bitcoin vary but have core focus areas such as being permission-less, immutable, censorship resistant, decentralized, scarce, and open source. These properties make Bitcoin ideal money and beneficial to people worldwide. Jan 05,  · Most obviously, bitcoin doesn’t exist as a physical currency. There are no actual coins or notes. It exists only online. “Real-world” currencies, like the dollar, are managed by a central bank such as the US Federal Reserve or the Bank of England, which manage the . wannacry bitcoin wallet Bitcoin tilit määrä

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Bitcoin refers to two things: Bitcoin is a payment network similar to Mastercard or Paypal, and bitcoins (the currency) are the medium of exchange on the bitcoin payment network. Bitcoin is a global currency, which is traded person to person without any need for a bank in the middle. Bitcoin is the first successful digital currency designed with trust in cryptography over central authorities. The properties of Bitcoin vary but have core focus areas such as being permission-less, immutable, censorship resistant, decentralized, scarce, and open source. These properties make Bitcoin ideal money and beneficial to people worldwide. Jan 05,  · Most obviously, bitcoin doesn’t exist as a physical currency. There are no actual coins or notes. It exists only online. “Real-world” currencies, like the dollar, are managed by a central bank such as the US Federal Reserve or the Bank of England, which manage the .
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