CryptoCoinsRevolution.com: Buy and sell on Bitonic

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To be completely honest: Bitcoin is a complicated concept and it took us a while before we really understood what it is. And we’re still learning new things. In this article we will try, despite its complexity, to explain what Bitcoin is.

First, it is important to make a clear distinction between two things: the Bitcoin network with its underlying technology ("Bitcoin") and the currency ("bitcoins"). We will tell you more about the Bitcoin technique later. Let’s discuss (paying with) bitcoins: these are digital units that are sent through a network in transactions and represent a certain value.

You can use Bitcoins to make digital payments without the use of a bank or other central institution. You can regard it, in a way, as digital cash. However, it is not yet officially recognized as a currency.

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