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People once traded physical assets such as gold and silver for goods and services.
Entries into the ledger cannot be amended or deleted.
A Bitcoin miner who adds a block to the chain is issued with 1 new Bitcoin worth thousands of pounds.
Bitcoin payments aren’t exactly mainstream, but big names like Microsoft, Express VPN and Wikipedia take Bitcoin payments.
Many people simply invest in Bitcoin in the hope that it will go up in value.
They include well-established altcoins like Ethereum and Litecoin, as well as fledgling altcoins like Elrond and Clover.
With no intermediary, there’s nobody to take a cut of each transaction.