Bitcoin is an innovative payment network and a
new kind of currency unlike fiat currency known as digital currency. As the
nature of digital this is transacted electronically with very fast between various devices like personal
Computer, Smart Phone, Table etc. Bitcoin transactions are made peer-to-peer
technology with no central authority and any banks. Hence, it’s transactions
are purely unanimous. Bitcoin is open-source and it’s design is public, nobody
owns or controls Bitcoin and everyone can take part. With it’s various kind of
features and properties it has gone widely accepted that could not be serviced
by any previous payment system.
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