What is Bitcoin?
Bitcoin can be used to buy things electronically. In that sense, it’s
like conventional dollars, euros, or yen, which are also traded
digitally.
However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized.
No single institution controls the bitcoin network. This puts some
people at ease, because it means that a large bank can’t control their
money.
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