Bitcoin is a digital currency that was created in 2009 by Satoshi Nakamoto. It is not controlled by any bank, country, or organization and its transactions are verified by the network of computers tha... View MoreBitcoin is a digital currency that was created in 2009 by Satoshi Nakamoto. It is not controlled by any bank, country, or organization and its transactions are verified by the network of computers that use it. Bitcoin is often called "digital gold" because it has a finite supply and was created to have monetary qualities similar to gold. It is also referred to as a cryptocurrency because it uses cryptography for security purposes. Cryptocurrency, on the other hand, refers to any type of currency in digital form used in transactions involving cryptography for security purposes. Cryptocurrencies can be centralized (controlled by a central entity) or decentralized (not controlled by a central entity). Bitcoin and Ethereum are examples of decentralized cryptocurrencies. What is Bitcoin - What You Need to Know?
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