bitcoin and cryptocurrency
Bitcoin is a type of cryptocurrency, which is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control, and are instead verified and recorded on a public ledger called a blockchain.
Bitcoin was forged in 2009 by an unknown person or group of people using
Cryptocurrency is a virtual or a digital currency, that can be used as an online version for cash to buy products and services. Bitcoin is also cryptocurrency.
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Bitcoin – digital money – is a type of currency that is completely virtual. It’s like an online version of cash.
You can use it to buy products and services, but not many shops and businesses accept Bitcoin yet and some countries have also banned its use of it completely.