What is Bitcoin?
A Learners’ Guide
Bitcoin is digital money that allows for secure peer-to-peer transactions on the internet.
It’s an appealingly simple concept:
which is similar to a bank’s ledger, or log of customers’ funds going in and out of the bank.
Every transaction involving Bitcoin is tracked on the blockchain,
No company, country, or third party is in control of it; and anyone can become part of that network.
Unlike a bank’s ledger, the Bitcoin blockchain is distributed across the entire network.
There will only ever be 21 million bitcoin.
This is digital money that cannot be inflated or manipulated in any way.
It isn’t necessary to buy an entire bitcoin:
you can buy just a fraction of one if that’s all you want or need.
-An investment vehicle
-A store of value similar to gold
-A way to transfer value around the world
-Even just a way to explore an emerging technology
Depending on your goals, bitcoin can function as:
Bitcoin is safe.
Bitcoin is secure.
Bitcoin is private.
Bitcoin is global.
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