What is Bitcoin?
Bitcoin is the first electronic currency used to pay for products or services. It is a decentralized currency (i.e., is not controlled by a single organization or Government). The most common form of this coin is digitally, using an electronic program known as purses or wallets Bitcoin or any other electronic service.
This digital currency is used so there is no middleman to make transactions. For example, suppose you want to send money from the United States to Ecuador. You can make a transfer via a shipping agency (such as Western Union) and pay them by transferring the money.
In addition to being used by thousands of people around the world, this is a currency used to pay for purchases, make transactions and send money to other free countries.
Lynx I hope you like it and let a few bits for the beer!
With Bitcoin, there is no need for an intermediary (such as Western Union) to transfer money. Money is simply sent by Internet to the person you want to receive it and go. Imagine what you could save when you send money.
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