Assets, Bitcoin

Which Bitcoin App Does Turkey Use?

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: This app is not officially endorsed by the government of Turkey. Use it at your own risk. It is possible that some fraudulent activities may be associated with this app and it could be used to facilitate illegal activities. Be sure to research any bitcoin app you use and ensure it is secure before using it.

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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