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WHAT IS BITCOIN AND WHY IT HAS VALUE. BEST EXPLANATION EVER.Bitcoin is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight. Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software. Bitcoin (BTC) is a digital or virtual currency created in that uses peer-to-peer technology to facilitate instant payments.
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