Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Bitcoin is a decentralized currency, meaning that it does not belong to any country or institution. As such, it is not subject to any government or central bank control.
What is Ethereum?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is a distributed public blockchain network.
What is a Cryptocurrency?
A cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or central bank control.
What is Bitcoin Mining?
Bitcoin mining is the process by which new Bitcoin is created. Miners are rewarded with Bitcoin for verifying and committing transactions to the blockchain. Bitcoin mining is done with special purpose hardware and software.
What is a Bitcoin Wallet?
A Bitcoin wallet is a digital wallet that stores the user's Bitcoin balance. Bitcoin wallets are used to send, receive, and store Bitcoin. Bitcoin wallets are also used to securely store Bitcoin.
What is a Bitcoin Exchange?
A Bitcoin exchange is a digital marketplace where users can buy and sell Bitcoin. Bitcoin exchanges are used to buy and sell Bitcoin. Bitcoin exchanges also provide a digital wallet to store Bitcoin.
What is a Bitcoin Transaction?
A Bitcoin transaction is a digital transaction that sends Bitcoin from one Bitcoin address to another Bitcoin address. Bitcoin transactions are verified by Bitcoin miners and recorded in the Bitcoin blockchain.
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