Blockchain Glossary

Bitcoin

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This is a type of digital cryptocurrency. Ideally, it acts as a US dollar or Japanese yen, but it doesn’t link itself to any central bank, and a government body like the treasury does not regulate it. Its transactions normally take place online and provide a certain degree of anonymity to its users. The users are securely recorded in a ledger known as a blockchain. Normally, bitcoin users do buy the bitcoins and can store them digitally in a cryptocurrency wallet

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