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Bitcoin is a decentralized digital currency that operates on a technology called blockchain. The blockchain serves as a public ledger that records all transactions in a secure and transparent manner. Each block in the chain contains a list of transactions, and once added, it cannot be altered, ensuring data integrity.
This explanation covers how the Bitcoin blockchain works, including concepts like mining, consensus mechanisms, and cryptographic security. It is designed to help users understand the core product behind Bitcoin. |
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