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A cryptocurrency and decentralized digital currency without a central bank or single administrator.
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Bitcoin and its alternatives are based on cryptographic algorithms, so these kinds of virtual currencies are also called cryptocurrencies.
In october 2008, a person or a group of people by the name of satoshi nakamoto published a paper that described the. A brand name for a type of cryptocurrency (= a digital currency that is produced by a (definition of bitcoin from the cambridge advanced learner's dictionary & thesaurus ©. Is there a simple bitcoin definition? Bitcoin and its alternatives are based on cryptographic algorithms, so these kinds of virtual currencies are also called cryptocurrencies. There is no physical version of the currency, so all bitcoin transactions take place over the. Bitcoin (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name satoshi nakamoto. It's a decentralized form of digital cash that eliminates the need for traditional. It is a process of solving complex math problems using those computers which run bitcoin software. (uncountable) a decentralized digital currency. Bitcoin seeks to address the root problem with conventional currency: Our videos are the most comprehensive, straightforward, and easy to understand guides you'll find anywhere on the web. Bitcoin is the first decentralized cryptocurrency created. A cryptocurrency and decentralized digital currency without a central bank or single administrator.
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How did it all start?
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