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Bitcoin explained: How do cryptocurrencies work? - BBC NewsBitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin's creator. It's an appealingly simple concept: bitcoin is digital money that allows for secure peer-to-peer transactions on the internet. Unlike services like Venmo and. Bitcoin is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a.
