Bitcoin is a decentralized digital currency that is not administered by a central bank or a single administrator. Bitcoin can be sent from user to user on the bitcoin network without the need for intermediaries.
Bitcoin transactions need to be verified in the blockchain network by nodes, every transaction is recorded in a public ledger called blockchain. This means Bitcoin transactions are NOT ANONYMOUS as many people think. Bitcoin was invented by Satoshi Nakamoto. To this date, it’s not clear if Satoshi is an individual or a group of people.
The Price of Bitcoin is determined by buying or selling of Bitcoins (supply and demand) by a determined Exchange.
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