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$BTC Bitcoin operates without a financial system or government authority and does not require the involvement of financial institutions. It can be used as an alternative to fiat currency or as an investment purchased through cryptocurrency exchanges. It uses peer-to-peer transfers on a digital network that records and secures all transactions. This network uses blockchain, an open-source program that links transaction history to prevent manipulation.

Bitcoin generates money for investors through appreciation, the increase in market value of an asset. There is a lot happening behind the scenes in the Bitcoin network, so here is a detailed primer designed to help you better understand this digital phenomenon.