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Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments and it instead it relies on peer-to-peer software and cryptography.
Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments and it instead it relies on peer-to-peer software and cryptography. A public ledger is used to record all bitcoin transactions and copies are held on servers around the world. Anyone with a spare computer can set up one of these servers, known as a node. Consensus on who owns which coins is reached cryptographically across these nodes rather than relying on a central source of trust like a bank.
Looking for the methods of carrying out a Bitcoin exchange in Australia? Here are some methods to buy and sell that will really help you.