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The Economics of Digital Currency
Bitcoin revolutionized modern economics by introducing a peer to peer electronic cash system that operates without a central bank. This cryptocurrency: how bitcoin works depends on a decentralized ledger called the blockchain, which records every transaction across a global network. Instead of a single authority, computers called miners secure the system through complex math, earning new coins as a reward. This process limits the total supply, making bitcoin function like digital gold. By understanding the basics of cryptocurrency: how bitcoin works, users see a secure, transparent way to exchange value globally, bypassing traditional financial institutions to offer true independence.