Bitcoin: The World's Leading Cryptocurrency
What Is Bitcoin?
Bitcoin is the world's most widely accepted cryptocurrency. It is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
How Does Bitcoin Work?
Bitcoin is a peer-to-peer digital currency that allows users to make and receive payments without the need for an intermediary or central authority. Transactions are conducted directly between users over the Bitcoin network using cryptography to ensure security and anonymity.
Each Bitcoin transaction is recorded in a public, distributed ledger known as a blockchain. The blockchain is a chronologically ordered record of all Bitcoin transactions ever made, ensuring transparency and preventing fraud.
The Bitcoin network is maintained by miners who verify and validate transactions in exchange for a reward in Bitcoin. This process ensures the integrity and security of the blockchain, fostering trust in the cryptocurrency.
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