![Interview: Bitcoin Transactions and American Taxation](https://homedesignmaine.info/wp-content/uploads/2022/02/47.jpg)
Interview: Bitcoin Transactions and American Taxation
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in…