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Bitcoin explained : what is bitcoin? and How bitcoin works?

  What is Bitcoin? Bitcoin is a new type of money that functions similarly to a digital currency. We can refer to Bitcoin as a digital currency. It's a brand-new type of payment system. We can use the internet to operate this digital currency. Bitcoin is decentralised digital money that allows for instant payments from anyone on the planet. Satoshi Nakamoto is the creator of Bitcoin. Bitcoin has all of the characteristics of money, which is a good thing. How does Bitcoin work? Bitcoin is a peer-to-peer (p2p) mechanism. The network manages these digital transactions and bitcoin issues without the involvement of any bank, government, or central authority. Bitcoin is an open-source network with a public design. No one owns or controls the bitcoin network, and anyone can participate in it. Bitcoin has its own set of characteristics. Bitcoins may be used for a variety of things that previous payment systems couldn't. as an example • Peer-to-peer transactions that are quick • Payment