Bitcoin, like other cryptocurrencies, is a digital currency, which means it does not exist physically. Cryptocurrencies are designed as an exchange medium that uses cryptography to secure transactions, control the creation of new crypto-units, and the confirmation of transfer of funds from one account to another. Cryptocurrencies can be exchanged for “real” money or other tangible assets and services. Let’s say it’s something like a card payment or a bank account.
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