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This wallet can exist on an exchange or a.
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It allows you to send money to anyone in the world, without the need for a central authority to issue accounts or process payments.
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Nobody owns or controls bitcoin, and everyone can take part! So how does bitcoin work this out to be used as a form of payment? Each coin is associated with its current owner's public ecdsa key. How does bitcoin mining work? Miners act as ledger keepers and auditors for all bitcoin transactions.
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But how does this invisible, virtual currency wield so much financial power?
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