# What is BTC?

By [taokingbtc.eth](https://paragraph.com/@taokingbtc) · 2022-09-14

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Definition for new users

**Bitcoin is a digital currency that operates on a decentralised network**. Every Bitcoin transaction is recorded in a public log and users can remain anonymous in the network with encrypted keys. Transactions can be made with no middlemen – meaning there is no need to go through a bank.

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*Originally published on [taokingbtc.eth](https://paragraph.com/@taokingbtc/what-is-btc)*