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The Greatest Bitcoin Explanation of ALL TIME (in Under 10 Minutes)Bitcoin is a type of digital currency that enables instant payments to anyone. Bitcoin was introduced in Bitcoin is based on an open-source protocol and. INTRODUCTION Bitcoin is a peer-to-peer electronic cash system & digital currency introduced as open source software in by Satoshi Nakamoto. The following paper analyzes two distinct topics related to the virtual currency bitcoin. The first is an empirical test of purchasing power parity using volume.