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- Bitcoin, introduced in 2008 by an anonymous creator known as Satoshi Nakamoto, is a decentralized, digital currency exchanged through a peer-to-peer network without centralized authorities12. It is the world's first decentralized cryptocurrency, using blockchain technology to secure and verify transactions1. Each Bitcoin is stored in a digital wallet and transactions are recorded in a public list called the blockchain3. Unlike traditional forms of money, there are no physical bitcoins; it's 100% digital4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
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- Bitcoin, introduced in 2008 by an anonymous creator known as Satoshi Nakamoto, is a decentralized, digital currency exchanged through a peer-to-peer network without centralized authorities.
www.coindesk.com/learn/what-is-bitcoin/In short – Bitcoin is the first cryptocurrency ever created. It is a digital currency that operates electronically and is not controlled by a central bank or government. Because it's decentralized, Bitcoin runs on a peer-to-peer network where transactions are conducted directly between users.cryptomaniaks.com/what-is-bitcoinEach Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.www.bbc.co.uk/newsround/25622442Bitcoin is a new form of money that's completely digital. It can be used by anyone, anywhere in the world. There are no dollars, euros, pesos, or yen - it’s a universal currency. Unlike traditional forms of money, there are no physical bitcoins. No dollar bills, no metal coins, no plastic cards – it’s 100% digital!www.lopp.net/bitcoin-information/bitcoin-explained.… What is Bitcoin? The Basics of Bitcoin Explained
WEBJan 26, 2022 · Learn how bitcoin works as a decentralized, digital currency and payment system, using blockchain technology. Find out the differences between bitcoin and traditional money, and the challenges and …
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WEBSep 15, 2023 · Bitcoin, often denoted as BTC, is a digital or virtual currency, also referred to as a cryptocurrency. It was created in 2009 by an unknown entity using the pseudonym Satoshi Nakamoto, with the aim to create a …
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WEBApr 5, 2024 · It is a digital currency that operates electronically and is not controlled by a central bank or government. Because it's decentralized, Bitcoin runs on a peer-to-peer network where transactions are …
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WEBJun 16, 2024 · Bitcoin is an electronic payment system that allows anyone to create an account and send any amount of money to anyone in the world. You might want to read that again. It was created as an …
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WEBOct 18, 2023 · Learn the basics of Bitcoin, a decentralized digital currency that enables secure, online transactions without intermediaries. Find out what Bitcoin is, why it matters, and how it works on the blockchain.
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WEBNov 22, 2017 · Bitcoin was created as an independent electronic cash, an alternative to fiat currency. Bitcoin’s advantages are efficiency, permanency, security and transparency.
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