Bitcoin for Beginners: What You Need to Know about BTC

Image credit: vm via Getty Images. Article by Kevin Voigt and Andy Rosen. Edited by Andrea Coombes. NerdWallet – January 8, 2024.

Nerdy takeaways

• Bitcoin is a form of digital currency that uses blockchain technology to support transactions between users on a decentralized network.
• New Bitcoins are created as part of the mining process, as a reward to people whose computer systems help validate transactions.
• Buying Bitcoin exposes you to a volatile asset class. […]

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