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What is Bitcoin? Bitcoin Explained SimplyDefinition of Bitcoin?? Bitcoin (BTC) is the first and most popular decentralized digital currency. Also, this is a worldwide payment system through which you. Bitcoin is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a. Virtual Currency Bitcoin in the Scope of Money Definition and Store of Value. Page 1. Procedia Economics and Finance 30 () �