Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments . Instead it relies on peer-to-peer software and cryptography. A public ledger records all bitcoin transactions and copies are held on servers around the world.
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Bitcoin is a form of digital currency that is created and held electronically on a computer. Bitcoins are not physical money like dollars nor are they recognized as an exchangeable currency by central banks or monetary authorities .
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