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Bitcoin is the first decentralized digital currency. All Bitcoin transactions are documented on a virtual ledger called the blockchain, which is accessible for everyone to see.
Bitcoin gives you complete control over your money, unlike other assets you own which are regulated by banks and governments. As bitcoin gains more popularity, more and more places accept it as a payment method.
That’s Bitcoin in a nutshell, for a detailed explanation watch the complete video, here’s what I’ll cover:
0:51 – What is money?
2:13 – Fiat money
3:05 – Digital money
3:40 – Bitcoin’s whitepaper
4:47 – Bitcoin’s public ledger (the blockchain)
6:12 – Why is Bitcoin important?
7:36 – Who accepts Bitcoin
8:11 – Conclusion
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