Summarize Bitcoin in 100 Words or Less (Contest)

Summarized Content (Algorithm: Tuatara GS1)

Whereas a conventional ledger records the transfers of actual bills or promissory notes that exist apart from it the block chain is the only place that bitcoins can be said to exist in the form of unspent outputs of transactions...The successful miner finding the new block is rewarded with newly created bitcoins and transaction fees...

Auto Extracted Ranked Tags (Algorithm: Tuatara GS1)

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Original Document

http://en.wikipedia.org/wiki/Bitcoin