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June 23, 2014. Bitcoin is a highly encrypted digital currency used to buy and sell. The concept is similar to purchasing items using a debit or credit card where no cash is actually handled. With Bitcoin, when a transaction is made, Bitcoin (or fractions of Bitcoin) are added or removed electronically from your wallet . Bitcoin was developed in 2009 by a software developer, known only by the pseudonym Satoshi Nakamoto. He argued that fiat currencies can’t be trusted and proposed an electronic payment...

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