Satoshi’s dream .01 — What is Bitcoin?
According to bitcoin.org, “Bitcoin is an innovative payment network and a new kind of money”.

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Sounds simple, but it’s a bit more complicated than that.

To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept — sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as “bitcoin.”

The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren’t printed, like dollars or euros — they’re produced by computers all around the world, using free software.

It was the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.

Source

Next: Who created Bitcoin?
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['Satoshi', 'Blockchain', 'Finance', 'Money', 'Bitcoin']