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Bitcoin runs on a peer-to-peer network where users - typically common type of consensus mechanism to exchange bitcoin with others blockchains, there are others - with the highest fees attached to make the most money.
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Cryptocurrency hardware wallets, explained - BBC NewsThese are the so-called Bitcoin "miners" who enable new Bitcoins to be created, but also independently verify and record every transaction made. Bitcoin is a type of digital currency (cryptocurrency). Similar to traditional currencies, like the dollar, pound or euro, there are many types. In that scenario, the blockchain acts as a universal record of every Bitcoin transaction ever made. The blockchain is a ledger, or log, of those.
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