Bitcoin is the first decentralized digital currency. Bitcoins are digital coins you can send through the internet. Compare to other alternatives Bitcoins have a number of advantages: Bitcoins are transferred directly from person to person within the net without going through a bank or a clearing house. This means that the fees are much lower. You can use them in every country. Your account cannot be frozen and there are no prerequisites or arbitrary limits. Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.
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