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What is Bitcoin?

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For developing an understanding of bitcoin trading it is best to develop a concept in relation to Bitcoin. It is actually a new type of currency, which is similar to US Dollar, Peso or Euro the main thing is that it brings with it a concept which has many advantages. It is not at all under the control of a single organization in short it can be said that it is present on the computer of all those who use it. It is decentralized so this is an indication towards the fact that no corruption can take place here. The associated transactions take place rapidly and there is no requirement of submitting or dealing with any kind of transaction fee unless the starter of transaction intends to pay one. So, the point is very simple as no one is controlling the network of Bitcoin the computers present anywhere provide the liberty of confirming every transaction, which takes place.

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