What is Bitcoin Digital Currency?
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)- itemHow Bitcoin Works
Bitcoin uses a peer-to-peer network without centralized storage, which means it can be transferred anywhere as long as there is an internet network. The currency owned by someone will be stored in an application called Bitcoin Wallet. So, you will not receive money in any physical form other than an application in your gadget. This app must be installed on the receiver's computer and tablet or smartphone. Furthermore Bitcoin owners will get the name Bitcoin Address which is useful to receive Bitcoin submissions like email addresses. All computers connected to the Bitcoin network will be the same regulator that verifies the transaction data to prevent fraud.
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