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Directory of Bitcoin Resources

Home > Science > Social Sciences > Economics > Financial Economics > Currency and Money > Alternative Monetary Systems > Cryptocurrencies > Bitcoin

Bitcoin is a virtual currency which uses a distributed database on top of a peer-to-peer network which keeps a journal of all transactions. Strong cryptography prevents double spending and fraud. Due to the decentralized topology of the network, no central authority, governmental or otherwise can interfere with the exchange of bitcoins.

Bitcoin may also be called a cryptocurrency, first described by Wei Dai on the cypherpunks mailing list in 1998.

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