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How To Invest in Bitcoin and Cryptocurrencies - Simple Tips for Beginners!

What is Bitcoin and how does it work? At the most basic level, Bitcoin is just a digital token that can be used as currency. It can be easily transferred between different parties through the internet and is recorded on a public ledger known as a blockchain. Bitcoin’s main appeal is that it allows people to transfer cash without having to go through a central institution such as a bank. This means that the transfer can be completed quickly and with very low transaction fees. The blockchain technology that Bitcoin uses to facilitate these transfers is not without its controversy, though. The decentralized nature of the blockchain means that it is hard to regulate and track, which has led some people to use it for illegal activity. In addition, the blockchain is notoriously slow, making it difficult for Bitcoin to process large volumes of transactions.