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  • James, Deonex Coin

What is Bitcoin?

Bitcoin is a worldwide payment system and the first decentralized virtual currency, which offers quick, cheap, and highly private payments for everyone. Bitcoin was developed and launched as an open-source protocol based on a whitepaper written by Satoshi Nakamoto. Since its release, bitcoin became the best-known, established, and leading cryptocurrency in the industry that inspired the creation of other digital currencies – altcoins.

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