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El Salvador Bitcoin experiment hits two-year milestoneBuilding a Bitcoin City as El Salvador's President Nayib Bukele has announced is very difficult from the logistical, financial and security. BTC City is turning into a genuine BITCOIN city which will be the first of its kind in the world to provide its visitors, consumers and business partners. Bitcoin is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight.