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Bitcoin is a crypto currency leveraging blockchain technology to store transactions in a distributed ledger. A blockchain is an ever-growing tree of blocks. Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer. Bitcoin is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight.