Bitcoin is a decentralized digital currency that operates on a peer-to-peer network using blockchain technology. In academia, Bitcoin is studied within the fields of computer science, cryptography, and economics. Researchers investigate the technical aspects of Bitcoin, including its cryptographic protocols, consensus mechanisms, and transaction validation process. Bitcoin transactions are recorded on a public ledger called the blockchain, which ensures transparency and security. By leveraging blockchain technology, Bitcoin enables secure and transparent digital transactions without the need for intermediaries such as banks or governments. Academic studies on Bitcoin also explore its impact on financial markets, regulatory challenges, and potential applications beyond currency exchange.
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