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The word “bitcoins” has many people talking. Just what is it? Can you just start buying some and forget about it? After all, if something is worth money, why not use it for trading currencies? In a world where money flows around the world like a river, it’s more important than ever to be able to trade between different currencies.
Transactions are technically verified by network nodes via cryptography and are stored in a public globally replicated ledger known as a block chain. Whenever you make a transaction, you are essentially sending information back to the network.