Lelouch vBritannia
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Bitcoin: A 100-Word Overview
Bitcoin is a decentralized digital currency created in 2009 by an anonymous entity known as Satoshi Nakamoto. Unlike traditional money, Bitcoin operates without a central authority, using blockchain technology to ensure transparency and security. Transactions are verified by network nodes through cryptography and recorded on a public ledger. Bitcoin has a limited supply of 21 million coins, making it scarce and often compared to digital gold. It enables peer-to-peer transfers globally with minimal fees. While praised for its innovation and investment potential, Bitcoin faces criticism for price volatility and environmental concerns due to its energy-intensive mining process.
#CEXvsDEX101
Bitcoin is a decentralized digital currency created in 2009 by an anonymous entity known as Satoshi Nakamoto. Unlike traditional money, Bitcoin operates without a central authority, using blockchain technology to ensure transparency and security. Transactions are verified by network nodes through cryptography and recorded on a public ledger. Bitcoin has a limited supply of 21 million coins, making it scarce and often compared to digital gold. It enables peer-to-peer transfers globally with minimal fees. While praised for its innovation and investment potential, Bitcoin faces criticism for price volatility and environmental concerns due to its energy-intensive mining process.
#CEXvsDEX101
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