Bitcoin
Bitcoin
Bitcoin is a digital currency that works over the internet without
needing a central authority, like a bank or government, to manage it.
This means no single organization controls Bitcoin; instead, it is
maintained by a network of computers spread worldwide.
Bitcoin is unique because it allows people to send and receive
money directly, cutting out intermediaries.
Bitcoin keeps track of transactions through blockchain technology. The
blockchain is a public record of all Bitcoin transactions, stored in
“blocks” linked together, forming a chain. Each time someone sends
Bitcoin, that transaction is verified and added to the blockchain,
making it transparent and secure. Once something is recorded in the
blockchain, it cannot be changed or deleted, which prevents fraud or
manipulation. Jain, K. (2020).
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Digital Payment Made Easier |
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More people are using Bitcoin |
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Money
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Atm Machines to Access Electronic
Currency |