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What Is Bitcoin in Coins PH?

What is Bitcoin in

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

NOTE: WARNING: Bitcoin trading in Coins PH is a high-risk investment activity and should only be done with funds that you can afford to lose. Be aware of the volatility of crypto markets and the potential for sudden losses or gains. Please do your own research and consult with a financial advisor before investing in Bitcoin. Do not rely solely on any advice provided by Coins PH staff or other users.

Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there were 2.

9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

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