Bitcoin | How it works?

Bitcoin is a cryptocurrency and worldwide payment system.

It is the first decentralized digital currency, as the system works without a central bank or single administrator.

The network is peer-to-peer and transactions take place between users directly, without an intermediary.

These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain.

Bitcoin was invented by an unknown person or group of people under the...

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From: Telusko Learnings

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