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What is Bitcoin? ?? Ultimate Beginners� Guide! ? (EUREKA Moment ??) You Will Understand Bitcoin! ??Bitcoin is the world's first completely open payment network which anyone with an internet connection can participate in. Bitcoin was designed to be used on the. Bitcoin or BTC is a type of cryptocurrency or digital currency launched in by a group that went by the pseudonym of Satoshi Nakamoto. It has no physical. Bitcoin is a payment that uses virtual currency instead of fiat or physical currency. It uses a blockchain to secure transaction information out of the reach of.