What is bitcoin used for | What is bitcoin | How to earn bitcoin

What is
bitcoin
used for?
Today we will talking
about what is bitcoin
and what is used for
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What Is Bitcoin
Bitcoin is a a cryptocurrency fictional in 2008 by associate degree unknown person
or cluster of individuals victimisation the name Satoshi Nakamoto and commenced in
2009 once its implementation was discharged as ASCII text file computer code
It is a redistributed digital currency while not a financial institution or single
administrator which will be sent from user to user on the peer-to-peer bitcoin
network while not the requirement for intermediaries.Transactions area unit verified
by network nodes through cryptography and recorded in a very public distributed
ledger known as a blockchain. Bitcoins area unit created as a present for a method
referred to as mining.
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What is bitcoin used for?
Each Bitcoin is basically a computer file that is keep in a
'digital wallet' app on a smartphone or pc.People will send
Bitcoins (or a part of one) to your digital pocketbook, and
you'll be able to send Bitcoins to others.Every single
dealing is recorded during a public list known as the
blockchain.This makes it potential to trace the history of
Bitcoins to prevent folks from disbursement coins they are
doing not own, creating copies or undo-ing transactions.
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