Market Cap: $2.6639T -6.17%
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26 - Fear

  • Market Cap: $2.6639T -6.17%
  • Volume(24h): $183.6111B 9.70%
  • Fear & Greed Index:
  • Market Cap: $2.6639T -6.17%
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What currency is Bitcoin? What does Bitcoin mean?

Bitcoin, a decentralized digital currency based on blockchain technology, provides transparency and security through peer-to-peer transaction verification.

Oct 05, 2024 at 11:06 pm

1. What is Bitcoin?

Bitcoin is a decentralized digital currency that operates on a blockchain network. Unlike traditional currencies issued and regulated by central banks, Bitcoin is not subject to government or financial institution control. Transactions are verified through a network of nodes and recorded on a public ledger, ensuring transparency and security.

2. What does Bitcoin mean?

The term "Bitcoin" refers to both the digital currency and its underlying technology. It combines the words "bit" (the smallest unit of information in a computer system) with "coin" (a physical or digital unit of currency). The name symbolizes the combination of digital technology and currency.

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