Bitcoin is the first cryptocurrency in the world (decentralized digital currency). Bitcoin is fundamentally different from all previously created electronic currencies and payment systems. It is not tied to any physical assets or “official” (fiat) currencies, and the price of a digital coin – bitcoin – is regulated exclusively by market supply and demand.
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Recently we’ve heard about a Bitcoin hard fork. But what is a hard ford? What’s the impact on a cryptocurrency and why are they created? In this video I’ll explain all of that in a simple way.
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