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What is Bitcoin \u0026 How it Works - Easy Explanation in Hindi - Nitish RajputBitcoin 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. Bitcoin is the world's first widely adopted cryptocurrency � it allows for secure and seamless peer-to-peer transactions on the internet. Bitcoin (BTC) is a digital or virtual currency created in that uses peer-to-peer technology to facilitate instant payments.