What is Bitcoin?


SUBMITTED BY: tomstm

DATE: March 3, 2017, 12:45 a.m.

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  1. Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence

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