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Maxine
2023-06-04 11:30
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Veronica
Bitcoin is a digital or cyber currency that is decentralized, meaning it is not controlled by any central authority such as a government or financial institution. It operates through a peer-to-peer network and allows for secure, anonymous transactions. The "coins" or units of currency are stored in digital wallets, and transactions are verified through cryptography and recorded on a public ledger called the blockchain. Bitcoin is created through a process known as mining, which involves using powerful computers to solve complex mathematical algorithms. It has gained popularity as an alternative to traditional currency due to its independence from government and financial institutions, as well as its potential for value appreciation. However, it is also subject to price volatility and may not be widely accepted as a form of payment in all industries.
Release time 2023 06 04
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Ella
Release time 2023 06 04