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What technology is Bitcoin

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What technology is Bitcoin

According to cryptovest, Bitcoin is a technology name and term. It is a digital Cryptocurrency with verifiable and decentralized characteristics; Can be used as a means of storing value; It can also be used for trading or exchanging goods and services. According to data from Bitpointreasuries.org, on January 17, 2017, nearly $1 billion in cash was used as collateral to purchase 100 BTCs in circulation worldwide (approximately $600 million at the time). And this money is called ‘mining’, but it is actually processed through a computer network

What technology is Bitcoin?

According to cryptoglobe, Bitcoin is a technical name, Cryptography and computer science term. It is used to describe a form of currency that is recorded in the form of electronic data. People believe that Bitcoin is “digital gold” because it was developed based on distributed consensus algorithms. However, in real life, this statement is incorrect because people who do not have a bank account or have a credit card cannot use their bank card for transfer transactions. So now it’s time to refer to blockchain as an encrypted digital asset, and this issue becomes even more important.

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