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Bitcoin is ...

Bitcoin is an open-source digital currency based on a peer-to-peer protocol. The network is made up of users like yourself and no middle man is required between you and whoever you're trading with. This decentralization is the basis for Bitcoin's security and freedom. Every transaction is validated by miners, so there is no feasible way to 'hack it'. It's more secure than your bank account, just keep an eye on your wallet.

From Wikipedia, the free encyclopedia