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Introduction to Bitcoin

Bitcoin is a new cryptocurrency currency in the digital world. To begin with, the bitcoin network isn’t under control of any one central authority. Which means, no banks! No need of heavy fees for transactions. No need of central authority’s order to confirm the transaction and you can carry out transactions anonymously. Also, bitcoin stores details of every single transaction that ever happened in the network, in a huge version of a general ledger called the blockchain, which keeps a record of every transaction and verifies them through proper ways.

Bitcoin is pretty much like cash for the internet and is used to purchase things electronically.

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3 thoughts on “What is Bitcoin and How Does it Work?

  1. I have read this article. It’s great. I get some sort of learning about bitcoin yet would you be able to clarify me what is blockchain?

  2. The blockchain is a distributed public ledger that records every digitally made transaction. It provides complete security to its users and stores each and every information regarding their transactions.

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BTC price:

1 BTC = 19260.2600 USD
1 BTC = 16213.4700 EUR
1 BTC = 61.0100000 LTC
1 BTC = 27.1500000 ETH
1 BTC = 2470574.1400 JPY
1 BTC = 14639.7200 GBP
1 BTC = 18590.1900 CHF
1 BTC = 26386.3600 AUD
1 BTC = 24370.7700 CAD
1 BTC = 31211.7100 BGN
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