#CryptoSecurity101 Here's a 123-word summary of Bitcoin (BTC):
Bitcoin (BTC) is the world’s first decentralized digital currency, launched in 2009 by an anonymous creator known as Satoshi Nakamoto. It allows peer-to-peer transactions without relying on banks or intermediaries, using blockchain technology for transparency and security. Each transaction is verified by network nodes through cryptography and recorded on a public ledger. Bitcoin is limited to 21 million coins, making it deflationary. Miners maintain the network by solving complex mathematical problems to validate blocks, earning BTC as a reward. Bitcoin is often considered "digital gold" due to its store-of-value potential. It’s used for investment, remittances, and sometimes for payments, though volatility remains a concern. Bitcoin has sparked a global movement toward decentralized finance (DeFi) and broader blockchain innovation.
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