Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people operating under the name Satoshi Nakamoto. Bitcoin uses peer-to-peer technology to operate without a central bank or authority. It manages transactions, and issuance of new bitcoins, collectively through the network. Bitcoin is an open-source cryptocurrency. Its design is public, nobody owns or controls Bitcoin and everyone can take part.
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Central Bank
A central bank is an institution that manages the currency and monetary policy of a state or formal monetary union, and oversees their commercial...
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Fractional Reserve Banking
Fractional reserve banking is the most common form of banking practiced by commercial banks worldwide. It involves banks accepting deposits from customers and making...
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Reserve Bank of New Zealand
The Reserve Bank of New Zealand is New Zealand's central bank. It was established in 1934, and although not a government department, has been...