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- Bitcoin is a form of digital currency12345:
- It aims to eliminate the need for central authorities such as banks or governments.
- Bitcoin uses blockchain technology to support peer-to-peer transactions between users on a decentralized network.
- It was created by Satoshi Nakamoto in a 2008 white paper.
- Bitcoin is like an online version of cash, allowing secure transactions on the internet.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Bitcoin is a form of digital currency that aims to eliminate the need for central authorities such as banks or governments. Instead, Bitcoin uses blockchain technology to support peer-to-peer transactions between users on a decentralized network.www.nerdwallet.com/article/investing/what-is-bitcoinBitcoin (BTC) is a cryptocurrency (a virtual currency) designed to act as money and a form of payment outside the control of any one person, group, or entity. This removes the need for trusted third-party involvement (e.g., a mint or bank) in financial transactions.www.investopedia.com/terms/b/bitcoin.aspSimply put, bitcoin is a digital currency. No bills to print or coins to mint. It’s decentralized -- there’s no government, institution (like a bank) or other authority that controls it. Owners are anonymous; instead of using names, tax IDs or social security numbers, bitcoin connects buyers and sellers through encryption keys.www.cnet.com/personal-finance/investing/crypto/w…Bitcoin was created by Satoshi Nakamoto, a pseudonymous person or team who outlined the technology in a 2008 white paper. It’s an appealingly simple concept: bitcoin is digital money that allows for secure peer-to-peer transactions on the internet.www.coinbase.com/learn/crypto-basics/what-is-bitc…Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual - there are no physical coins or notes. It's like an online version of cash. You can use it to buy products and services, but not many shops accept Bitcoin and some countries have banned it altogether.www.bbc.co.uk/newsround/25622442 - People also ask
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What is Bitcoin? The Basics of Bitcoin Explained - CoinDesk
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- Who accepts Bitcoin?
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