Welcome to “WhyAll,” the channel where we explore the questions that keep us up at night. Today, we’re going to be talking about Bitcoin, the decentralized digital currency that has taken the world by storm. First, let’s start by understanding what Bitcoin is. Bitcoin is a digital currency that uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds. It operates independently of a central bank or government, and transactions are recorded on a public ledger called the blockchain. Think of the blockchain like a digital ledger that keeps track of all Bitcoin transactions, it’s like a giant checkbook where all transactions are recorded, but instead of being in a physical book it’s all digital and it’s accessible to anyone. Now, you may be
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