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It is a big database that lets you record information safely and interact with anyone, without the need to trust them or rely on a. Nobody wants a stranger knowing its name from.
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| Explain bitcoin to me like im 5 | There is no way to remove the data without others approving it. But kid, you now know more about Bitcoin than most. And many business owners hate the idea of a blockchain and web 3. Welcome frens! The Blockchain is public and shared between all the computers running the Bitcoin software. And finally, every important decision can be voted for by the community members. |
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| When to convert btc to xrp for the most xrp | Some are misinformed. What is Bitcoin? If you liked the article, we also have a video blog where we talk about all the same topics. So, did you see what happened? When the trade occurs, it only goes from you to the receiver or visa versa and there are no other companies or entities involved. Banks have bankers, managers, and janitors. |
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Cryptocurrency In 5 Minutes - Cryptocurrency Explained - What Is Cryptocurrency? - SimplilearnBitcoins are virtual currency. New ones are generated by computers solving really hard math problems - this is called "mining". If you are the. 1. Bitcoin is a type of digital currency. It's like the money you use to buy toys or candy, but you can only use it online. 1. Humans use money to exchange value for goods and services. We've used many different things such as glass beads and lately, gold and fiat.
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