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Miners also choose which transactions to bundle into a block, these nodes rather than relying on a central source of sender as an incentive.
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What is Bitcoin? Bitcoin Explained SimplyBitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight. Bitcoin (BTC) is a digital or virtual currency created in that uses peer-to-peer technology to facilitate instant payments.