What Is Bitcoin?
What Is Bitcoin?
Bitcoin is a peer-to-peer payment technology that operates without a centralized bank or authority. The peer-to-peer network of users manages the transactions as well as the creation and distribution of bitcoins. Bitcoin is a digital currency, but also a user-run system. There is no exchanging of physical or digital dollars or notes, but with all transactions taking place in a block chain or ledger, and once complete, the transaction shows the new balance in your Bitcoin wallet. There are many benefits to a digital currency, as well as some cons that need to be ironed out over time.
https://www.youtube.com/watch?v=kAb5NzVR7rY
https://www.youtube.com/watch?v=kAb5NzVR7rY
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