Bitcoin (BTC) is a cryptocurrency—a form of digital or virtual money—created to operate independently of any central authority, such as a government or bank. It enables peer-to-peer transactions over a decentralized network, removing the need for trusted intermediaries like mints or financial institutions. Bitcoin is powered by blockchain technology, which records and verifies transactions across a global network of computers. As the first and most widely used cryptocurrency, Bitcoin is often seen as a revolutionary innovation in the financial world, offering greater control, transparency, and security to its users.
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