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BITCOIN - IT'S OVER! ALL ALTCOINS - IT'S OVER!Therefore, Bitcoin is a form of cryptocurrency and is bound by the environment in which cryptocurrency operates, called a blockchain. Data is. Bitcoin is the digital currency that utilizes cryptocurrency. It is controlled by a decentralized authority, which is not like government-issued currencies. Bitcoin mainly focuses on reducing influencer costs and reducing transaction times but is less flexible. Cryptocurrencies are created to.