What is Bitcoin? How does Bitcoin Actually Work? ✅ EXPLAINED in 2 Minutes and Made Simple - Tutorial
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0Ever wondered what Bitcoin is and how it works? In this simple guide, we’ll break down Bitcoin in a way that’s easy to understand, explaining its core concepts, how it works, and why it’s become a revolutionary digital currency.
Bitcoin is a type of cryptocurrency, which is a digital or virtual form of money. Unlike traditional currencies issued by governments (like USD or EUR), Bitcoin operates on a peer-to-peer network without a central authority, like a bank or government, controlling it. This means that Bitcoin transactions are decentralized and can be made directly between users without intermediaries.