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What is Bitcoin?

Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called Bitcoin. Payments work peer to peer without a central repository or single administrator, which has led the US Treasury to call Bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to Bitcoin as a cryptocurrency or digital currency. Bitcoin is often called…

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Bitcoin – What is it? How to Buy?

What is Bitcoin? Bitcoin is the first, most important and well-known “digital currency” and some call it the version of Internet money. More specifically it is a criptodivisa or cryptocurrency because it is based on cryptography protocol that makes it anonymous money transfer from one person to another, and that you can not spend a coin more than once. The whole process is supported in the P2P network, the same as is used for the famous torrent files. Satoshi Nakamoto was the one who…

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