Bitcoin: What you need to know

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Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. 

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Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. 

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Bitcoin is unique in that there are a finite number of them: 21 million.

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Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. 

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As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

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Bitcoin is a decentralized digital currency, without a central bank or single administrator.

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That can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. 

Image Credit: Google 

Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain.

Image Credit: Google 
Image Credit: Google 

Bitcoins are created as a reward for a process known as mining. 

Image Credit: Google 

They can be exchanged for other currencies, products, and services.Investors will need to create a separate account with Fidelity in order to trade bitcoin. The firm will charge a 1% transaction fee on all trades.

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As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Image Credit: Google 

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