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August 2023

Unlike traditional fiat currencies, the Bitcoin network is decentralised, meaning that it is not controlled by any central authority, such as a government or bank. Instead, it relies on a distributed network of computers, known as nodes, to validate and record transactions. This facilitates peer-to-peer, global exchange and eliminates the need for third-party intermediaries, making Bitcoin widely accessible. The tiny ‘nation’ with no rules or taxes...

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