Bitcoin: How Does It Work?

What is Bitcoin and how does it work? Bitcoin is a digital currency that is created and held electronically. It is decentralized, meaning it is not controlled by any government or bank. Bitcoin transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers. Transactions are verified by the network and are secured using cryptography. Bitcoin can be used to purchase goods and services online, and can also be exchanged for other currencies.

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