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a decentralized control, whereas a centralized database creates a dependent relationship between users and administrators. Bitcoin is a digital currency, which allows transactions to be made without the interference of a central authority. The use and trade of Bitcoin is legal in the majority of countries in the world, however, because it is a deregulated marketplace, governments are concerned about its potential threat as a tool for money laundering. Popular international Bitcoin exchangess include Bitsquare, Coinbase, and Kraken.
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What CAN YOU BUY bitcoin with? By continuing to use this site we'll assume you are happy to receive them. Bitcoin was designed and created by an anonymous programmer, or possibly group of programmers, by the name of Satoshi Nakamoto. Users tend to prefer confidentiality, which is better achieved through a centralized database. The cryptocurrency system is a peer-to-peer open-source software, meaning computers are part of a mining process for coins. The term altcoins is short for alternative coins. There are several differences between a blockchain and a database, including the level of control.