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How Bitcoins Work? | 1MinuteDoc
A bitcoin is a crypto currency, a sequence of digital numbers.
You can exchange bitcoins with software called a bitcoin client.
The value of a bitcoin derives from the faith that people have in the currency and what they can procure with it.
The bitcoin system is a so called peer-to-peer system, meaning that transactions take place directly between two accounts without the interference of a bank or government.
But who controls the system?
Well... the bitcoin users do. They can validate...