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Transition to Web3 - Course 2 | Transactions and Bitcoin

By incorporating transactions on a blockchain, you create a decentralized and dependable record of transactions, i.e. a distributed ledger. 

Such a system can keep track of common currency (e.g. US dollars) transactions, but it can also keep track of transactions in other currencies as well. It can even support a financial system using a made-up digital currency as “money.”

The Bitcoin network enables a financial system based on its native digital currency "bitcoin." 

Of course, for people to start trading with this money, some money needs to be injected into the system. But how can a digital currency just be created out of thin air, you ask?! 👻 Good question. 


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Disclaimer: The information /programs / events provided on https://patika.dev and https://risein.com are strictly for upskilling and networking purposes related to the technical infrastructure of blockchain platforms. We do not provide financial or investment advice and do not make any representations regarding the value, profitability, or future price of any blockchain or cryptocurrency. Users are encouraged to conduct their own research and consult with licensed financial professionals before engaging in any investment activities. https://patika.dev and https://risein.com disclaim any responsibility for financial decisions made by users based on information provided here.