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An open ledger known as 'Block chain' records all Bitcoin transactions and shows each Bitcoin owner's particular holdings. Anybody have access to the general public ledger to ensure transactions. This will make digital currency more transparent and foreseeable. More to the point, the transparency prevents fraud and double spending of the identical Bitcoins.

Bitcoin will probably gain in public acceptance with time, nevertheless its cost is very volatile and incredibly responsive to news-for example government rules and limitations-that may adversely change up the currency.

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