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Bitcoin and Blockchain Basics

By The Block Research

Bitcoin is presented as the first cryptocurrency. It is a decentralized digital currency with a fixed supply of 21 million coins, a peer-to-peer network, Proof of Work security, and transparent but pseudonymous transactions. The important beginner idea is not only that Bitcoin is digital money. It is that Bitcoin…

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Blockchain

A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.

It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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