Bitcoin is a decentralized digital currency
Channel: zero to hero crypto
Date: 09/12/2022

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain

Decentralized digital currencies are those that are not subject to central control or regulation by a single entity. Bitcoin, Litecoin, and Ethereum are all examples of decentralized digital currencies. These currencies are often created and managed by open-source communities of developers and users, and they are not subject to government or financial institution control. Decentralized digital currencies offer many advantages over traditional fiat currencies, including greater security, transparency, and freedom from third-party interference.

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