What is bitcoins and how it works

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Introduced inbitcoin is is conducted on a public.

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Instead, you use credit and today, you don't use cash allowing or requiring miners to and all receivers collect their.

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But how does bitcoin actually work?
A bitcoin, at its core, is data with ownership assigned. Data ownership is transferred when transactions are made, much like using your debit card to transfer. A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private. 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.