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What is Bitcoin for dummies - A simple explanation for beginnersBitcoin is a decentralised digital currency � known more commonly as a cryptocurrency. Bitcoin is the largest cryptocurrency in the world in terms of market. Bitcoin is a currency native to the Internet. � Bitcoin is legal to use, hold, and trade, and can be spent on everything from travel to charitable donations. � Is. Launched in , Bitcoin is the world's largest cryptocurrency by market capitalization. � Unlike fiat currency, Bitcoin is created, distributed, traded, and.
