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- Bitcoin is a digital currency that can be used to buy goods and services. In a Bitcoin transaction, the buyer sends the Bitcoin to the seller's public address, which is like a Bitcoin bank account. The buyer signs off the transaction with their private key to verify that they are indeed the sender of the digital currency1. Bitcoin has been adopted as legal tender in El Salvador, although use by merchants remains low. Ukraine has accepted cryptocurrency donations to fund the resistance to the 2022 Russian invasion, and Iran has used bitcoin to bypass political sanctions2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
Example of a Bitcoin transaction. Alice wants to use her Bitcoin to buy pizza from Bob. She’ll send the bitcoin to Bob’s public address, which is like his bitcoin bank account. She signs off the transaction with her private key to verify that she is indeed the sender of the digital currency.
blockgeeks.com/guides/what-is-bitcoin/For example, El Salvador has adopted Bitcoin as legal tender, although use by merchants remains low. Ukraine has accepted cryptocurrency donations to fund the resistance to the 2022 Russian invasion, and Iran has used bitcoin to bypass political sanctions.en.wikipedia.org/wiki/Bitcoin - People also ask
WEBJan 26, 2022 · Bitcoin, introduced in 2008 by an anonymous creator known as Satoshi Nakamoto, is a decentralized, digital currency exchanged …
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WEBMar 11, 2024 · Bitcoin is a form of digital currency that uses blockchain technology to support transactions between users on a decentralized …
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WEBThe basics for a new user. As a new user, you can get started with Bitcoin without understanding the technical details. Once you've installed a Bitcoin wallet on your computer or mobile phone, it will generate your first …
WEBJul 9, 2024 · Bitcoin is the first decentralized digital currency. All Bitcoin transactions are documented on a virtual ledger called the blockchain, which is accessible for everyone to see. Bitcoin gives you complete …
WEBMay 21, 2024 · Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank.
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WEBJul 31, 2023 · Bitcoin was founded in 2009 as a decentralized digital currency that allows users to buy, sell and exchange goods and services without the involvement of a middleman such as a bank.
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WEBBitcoin is currently used more as a store of value and less as a medium of exchange or unit of account. It is mostly seen as an investment and has been described by many scholars as an economic bubble. As bitcoin is …
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