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#BTC $BTC ## Bitcoin: A Decade of Disruption and Decentralization Bitcoin (BTC), the pioneering cryptocurrency, has indelibly reshaped the financial landscape since its inception in 2009. Born from the cypherpunk movement and fueled by a vision of decentralized peer-to-peer electronic cash, Bitcoin has evolved from a niche technology to a globally recognized asset. ### The Genesis and Core Principles Satoshi Nakamoto, the pseudonymous creator(s) of Bitcoin, introduced it as a response to the inherent weaknesses of traditional financial systems. The core principles underpinning Bitcoin are: * **Decentralization:** Bitcoin operates without a central authority, such as a bank or government. Transactions are verified and recorded by a distributed network of computers (nodes). * **Transparency:** All Bitcoin transactions are recorded on a public, immutable ledger called the blockchain. While transactions are pseudonymous, their history is transparent and verifiable by anyone. * **Limited Supply:** The total supply of Bitcoin is capped at 21 million coins, a fundamental design feature that distinguishes it from fiat currencies, which can be subject to inflation. * **Security:** Cryptographic techniques secure the Bitcoin network and user funds, making it extremely difficult to tamper with transactions or counterfeit coins. ### How Bitcoin Works Bitcoin transactions are initiated by users through digital wallets and broadcast to the network. These transactions are then bundled into blocks and added to the blockchain through a process called mining. Miners compete to solve complex computational problems, and the first to find a solution adds the new block to the chain and is rewarded with newly minted Bitcoin and transaction fees. This proof-of-work mechanism ensures the integrity and security of the network. ### Evolution and Use Cases Initially conceived as a digital currency for everyday transactions, Bitcoin's journey has seen it evolve into various use cases:
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