Bitcoin and crypto for dummies. 6. Ok, with Bitcoin, its main function is transferring bitcoin to others. Then, you have other peer to peer networks, which you can own/use, where you also store your access codes in your main account, or you can have more than one account, like having more than one email account.
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Bitcoin and crypto for dummies. 5. The interactions are all documented, and copies of all the interactions which have ever taken place, are stored safely on those computers and servers throughout the world, and they don’t store any of your personal information. That list of interactions is called a blockchain.
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Bitcoin and crypto for dummies. 4. Your account is called a wallet. The unique access codes that your account holds to use the network, and perform peer to peer interactions, are stored in your account.
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