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describe what bitcoin does

Last Updated on October 15, 2023 by Paganoto

What Is Bitcoin? How Does It Work? – Forbes Advisor

What Is Bitcoin? How Does It Work? – Forbes Advisor

Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin's creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.”Jun 8, 2022

Bitcoin (BTC) Definition – Investopedia

Bitcoin (BTC) Definition – Investopedia

Bitcoin is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, …

What is bitcoin and how does it work? – New Scientist

What is bitcoin and how does it work? – New Scientist

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 …

What Is Bitcoin? BTC Price and How It Works – NerdWallet

What Is Bitcoin? BTC Price and How It Works – NerdWallet

Bitcoin is a form of digital cash that eliminates the need for central authorities such as banks or governments. Instead, Bitcoin uses a peer-to-peer internet …

Bitcoin explained: Here's everything you need to know – CNET

Bitcoin explained: Here's everything you need to know – CNET

Simply put, bitcoin is a digital currency. No bills to print or coins to mint. It’s decentralized — there’s no government, institution (like a …

What is Bitcoin and How Does It Work? – TechTarget

What is Bitcoin and How Does It Work? – TechTarget

Bitcoin is a digital currency — also called cryptocurrency — that can be traded for goods or services with vendors that accept Bitcoin as payment.

What is Bitcoin? The Basics of Bitcoin Explained – CoinDesk

What is Bitcoin? The Basics of Bitcoin Explained – CoinDesk

Instead, Bitcoin is designed in such a way that users can exchange value with one another directly through a peer-to-peer network; a type of …

Bitcoin – Wikipedia

Bitcoin – Wikipedia

Bitcoin (₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network …

Bitcoin Explained Simply | Everything You Need To Know

Bitcoin Explained Simply | Everything You Need To Know

What is bitcoin in simple terms? Basically, bitcoin is a digital currency that has been created without the intervention of a central bank.