Introduction to Bitcoin – Resources

Bitcoin is a digital form of currency which is “decentralised”. This means that Bitcoin is not controlled or regulated by any central authority, in the way old-fashioned traditional Dollars and Euros are. Bitcoin is traded peer to peer (P2P). People exchange Bitcoin directly between one another, rather than going through a middleman, such as a bank. The network that maintains all Bitcoins is run by miners who validate all transactions with cryptography and record them on a public digital ledger, called a blockchain.

A hugely important fact you need to understand is that Bitcoin is the only truly decentralised cryptocurrency at present.

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