Definition of bitcoin

definition of bitcoin

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It's an appealingly simple concept: bitcoin is digital money that allows for secure peer-to-peer transactions on the internet. Unlike services like Venmo and. Bitcoin, introduced in by an anonymous creator known as Satoshi Nakamoto, is a decentralized, digital currency exchanged through a peer-to-. a brand name for a type of cryptocurrency (= a digital currency that is produced by a public network rather than any government and uses special codes to keep.
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In theory if an attacker could control more than half of all the bitcoin nodes in existence then they could create a consensus that they owned all bitcoin, and embed that into the blockchain. The mining software and hardware work to solve for the nonce, a four-byte number included in the block header. Permissive legal to use bitcoin, with minimal or no restrictions. Archived from the original on 18 June Archived from the original on 25 March