A very simple explanation of how Bitcoin works

Bitcoin — a popular cryptocurrency created in the late 2000s by developer/s Satoshi Nakamoto — can be complex in terms of operations. One can say Bitcoin is a digital currency that uses cryptography to record transactions. One can also say that underlying blockchain tech adds uniqueness to Bitcoin. It can also be said that Bitcoin is all about the absence of any intermediary like banks, with full control of operations in the hands of the people. The situation right now is such that even…


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