Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. One bitcoin was equal to $1.00 (0,76£) in 2010.
The cryptocurrency Bitcoin reached a new high on Friday November 3 when it surged past the staggering amount of $7,400 (£5,663.55).
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