Bitcoin and Cryptocurrency

in #steem2 years ago (edited)

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Bitcoin is a decentralized digital currency, besides a central financial institution or single administrator, that can be despatched from person to consumer on the peer-to-peer bitcoin community except the want for intermediaries.

Cryptocurrency is a kind of digital or virtual foreign money that makes use of cryptography for safety and operates independently of a central bank. Bitcoin was once the first decentralized cryptocurrency, and on the grounds that then many others have been created.