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Bitcoin is Decentralized Digital Currency

Bitcoin is Decentralized Digital Currency



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  1. tldr; Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin has been criticized for its use in illegal transactions, large amount of electricity used by mining, price volatility, and thefts from exchanges.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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