Assets, Bitcoin

What Is JuBiter Bitcoin?

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.

Bitcoin is unique in that there are a finite number of them: 21 million.

NOTE: WARNING: JuBiter Bitcoin is a cryptocurrency wallet that may be used to store, send, and receive digital currency. It is important to note that this wallet is unregulated and is not backed by any government. As with any cryptocurrency wallet, there is a risk of loss of funds due to hacking or other malicious activity. It is strongly recommended that users take all necessary precautions when using JuBiter Bitcoin, such as enabling two-factor authentication and regularly backing up their wallets.

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.

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