Economy, asked by divit3, 1 year ago

what is bitcoin?....

Answers

Answered by Anonymous
0
In simple words, cryptocurrencies like bitcoin are similar to the virtual ‘cash’ stored in online wallets — Ola Money, Paytm, Freecharge etc—you use for buying products or services through the internet.

The major difference is that the money stored in these wallets uses currency units recognised and backed by any government body, unlike cryptocurrencies which are decentralised.


Answered by arjunb963
0
Bitcoin is a cryptocurrency otherwise known as digital currency. It is not accepted in many institutions. It’s founder is still unknown and was started in the name satoshi nakamoto.The value of bitcoin fluctuate every now and then.

Hope it helps:)
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