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This is a question often surrounded by confusion, so here's a quick explanation! The basics for a new user As a new user, you can get started with Bitcoin without understanding the technical details. Once you've installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can crypto bitcoin more whenever you need one.

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Main article: History of bitcoin Creation The domain name "bitcoin. Andresen later became lead developer at the Bitcoin Foundation. This left opportunity for controversy to develop over the future development path of bitcoin, in contrast to the perceived authority of Nakamoto's contributions.

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Bitcoin Forks What is Bitcoin? Bitcoin is a digital currency created in January following the housing market crash. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.

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See also: History of bitcoin Inthe American cryptographer David Chaum conceived an anonymous cryptographic electronic money called ecash. This allowed the digital currency to be untraceable by the issuing bank, the government, or any third party.

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