What is Bitcoin?
Bitcoin is basically a peer-to-peer network based anonymous digital currency. "Peer-to-peer" (P2P) implies that there is no central authority to issue new money or to keep track of the transactions. So, these tasks are managed collectively by the nodes of the network which inevitable means that there is a great deal of anonymity in this system. Hence, the real world identity of the parties of a transaction can be kept hidden from the public or even from the parties ...
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