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The purpose of bitcoin exchanges is to get value onto the block chain (s). Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoins in exchange. Provide details and share your research! Steem can then be traded elsewhere for bitcoin. Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank.
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A cryptocurrency is a medium of exchange, such as the us dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.
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The purpose of the bitcoin system is simply to allow people to (a) store and (b.
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No bills to print or coins to mint.
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