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Bitcoin is a type of electronic currency (CryptoCurrency) that is autonomous from traditional banking and came into circulation. According to some of the top online traders, Blockchain Technology is considered as the best known digital currency that relies on computer networks to solve complex mathematical problems, in order to verify and record the details of each transaction made. One of the benefits of Bitcoin is its low inflation risk. Traditional currencies suffer from inflation and they tend to lose their purchasing power each year, as governments continue to use quantative easing to stimulate the economy.
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