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What is Bitcoin?
- Bitcoin is a cryptocurrency (digital currency) file stored in a ‘digital wallet‘ app on a smartphone or computer.
- Owners can send Bitcoins (or a share of one) to other digital wallets, or they can be purchased through an ATM like ours.
- ALL transactions are recorded in a public list called the blockchain.
What is Blockchain?
- Blockchain is a shared public ledger. All confirmed transactions are included in the blockchain. This allows digital wallets to calculate their spendable balance so new transactions are verified. In other words, it is what makes Bitcoin so trustworthy – any time Bitcoin moves it is verified to be a secure transaction.