Understanding Bitcoin
\nA Beginner's Guide to the Revolutionary Digital Currency
\nIntroduction
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\n \n \"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.\"\n
\n \n Think of Bitcoin like digital cash that you can send directly to someone else over the internet, without needing a bank or PayPal to help. It's like handing cash to a friend, but digitally.\n
\n How Transactions Work
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\n \n \"We define an electronic coin as a chain of digital signatures.\"\n
\n \n Each Bitcoin transaction is like signing a digital check. Your signature proves you own the Bitcoin and are allowed to send it. These signatures form a chain that shows the history of who owned each Bitcoin.\n
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\nTry It Yourself
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