What is Bitcoin?

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Why Bitcoin?

Bitcoin has several advantages over traditional currencies. For one, bitcoins are immune to inflation or deflation. They are also easy to transfer, and can be used anywhere in the world where there is an internet connection. Finally, bitcoins are secure and difficult to counterfeit.

How to Buy Bitcoin

The most common way to buy bitcoins is through bitcoin exchanges, such as Coinbase or Bitstamp. You can also buy bitcoins from individuals in person or online.

How to Store Bitcoin

The safest way to store bitcoins is in a bitcoin wallet. There are several different types of wallets, such as desktop wallets, mobile wallets, and web wallets.

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