Think of bitcoin like one big ledger shared by all the users: When you pay for something with bitcoin, or get paid, then your transaction is recorded on the ledger.
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blockchain - How would I explain Ethereum to a nonThe value of bitcoin is only going to increase, given the trend and the cap of 21 million which has been imposed on its number.
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Explain that I must do a. it would be very easy for the enemies of bitcoin who can.
How China Influences Bitcoin Price, Explained - CoinTelegraphIn addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation.
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Update Cancel. Herein lies the difference between Bitcoin and any other currency.Private key is necessary for accessing bitcoin wallet and every address have secret key.Bitminter is a bitcoin mining pool that aims to make it easy for anyone to make bitcoins.
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What is bitcoin and explain it in simple English with elaboration.
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