What are Bitcoins and how it works?

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Bitcoins were launched in 2009. Though the concept is not new but many people don’t understand what bitcoins are and how bitcoins work. Bitcoins are defined as a type of virtual currency, introduced to life through the Internet.

What are bitcoins?

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

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