How Bitcoin Works: A Beginner’s Guide

Bitcoin is a type of digital currency, existing solely in the online realm. It functions differently from conventional money, relying on a decentralized network rather than banks or governmental bodies. Every transaction is documented on a public ledger known as the blockchain. The total number of bitcoins is limited to 21 million, a design choice that contributes to its scarcity and helps it resist inflation. No central authority has control over Bitcoin.

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