# BITCOIN

By [purge](https://paragraph.com/@purge) · 2023-01-08

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Bitcoin (BTC) is a [cryptocurrency](https://www.investopedia.com/terms/c/cryptocurrency.asp), a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for the work done to verify transactions and can be purchased on several exchanges.

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*Originally published on [purge](https://paragraph.com/@purge/bitcoin)*