A bitcoin is a a type of digital currency that operates independently or without a central bank. Encryptions are used to help generate currency. Bitcoins are something that is gaining popularity. A friend of mine invested in bitcoins and says that they can be used for just about anything online. Bitcoins were designed to allow people to complete transactions of the internet in a quick and easy way.
The blockchain aspect of bitcoin is a public ledger that lists all the transactions of bitcoins that have ever been made. As new transactions are completed, they are added to the ledger in real time. The ledger lists all the transactions in chronological order, so you can trace transactions all the way back to the beginning of bitcoin.Bitcoins are something that I believe will continue to gain popularity in the years to come. For more information about what Bitcoins are and what the bitcoin blockchain is, you can watch the video posted below.
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