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What is bitcoin, and what can you purchase from it?

24Nov

By Hellen ANo Comments

Bitcoin, Crypto

What is bitcoin, and what can you purchase from it?

Bitcoin is one of the hottest cryptocurrencies in the blockchain. It is a digital currency that uses a decentralised system to make online transactions. Originally, it was the concept of a person who goes by the alias "Santoshi Nakamoto" 2008 on May 3. It is used to buy, sell or exchange goods or services without an intermediary or centralised authority such as banks. A public ledger records every Bitcoin transaction, making it difficult to reverse or counterfeit. Blockchains store information in a way that makes it difficult to alter, hack, or cheat the system. Read more: How to buy cars with bitcoin? The value of Bitcoin has increased drastically since it was launched in 2009. The price of 1 BTC has risen from under $150 per coin to around $30,200 as of June 8 2022. There a...

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