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How To Create Bitcoin Investment Website For Free ScriptA digital currency that exists on its own blockchain and represents a digital currency. Crypto Token. A digital representation of an asset which can, but doesn'. Each P2P node runs the following algorithm: � New transactions are broadcast to all nodes. � Each node (miners) collects new transactions into a block. Bitcoin and Cryptocurrency. What is Bitcoin? Well it is two things. Bitcoin the Token. The digital currency itself. a snippet of code that represents ownership.