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Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrato The network is peer-to-peer and transactions take place between users directly, without an intermediary.
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.
