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Bitcoin is just a peer-to-peer payment system, otherwise known as electronic money or digital currency. It offers a twenty first century solution to brick and mortar banks. Exchanges are created via "e wallet software". The bitcoin has subverted the traditional banking system, while operating outside of government regulations. Bitcoin uses state-of-the-art cryptography, could be issued in any fractional denomination and includes a decentralized distribution system, is in high demand globally. For one, it could never be garnished or suspended by the bank(s) or a government agency.

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Uploaded on May 7, 2018