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What is Bitcoin? ?? Ultimate Beginners� Guide! ? (EUREKA Moment ??) You Will Understand Bitcoin! ??Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group. In this article, learn what Bitcoin is, how the system behind it works, and the basics of navigating the original cryptocurrency. A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private.