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$BTC Bitcoin (BTC): The Digital Revolution of Currency Bitcoin, commonly known as BTC, is the pioneer of cryptocurrencies, marking the beginning of a new era in the financial world. Created in 2009 by an anonymous entity known as Satoshi Nakamoto, Bitcoin is a decentralized digital currency that operates without the need for intermediaries like banks or governments. What is Bitcoin (BTC)? Bitcoin is a peer-to-peer digital currency that allows users to transfer value directly to one another, irrespective of geographic or political boundaries. Unlike traditional currencies, Bitcoin operates on a decentralized network powered by blockchain technology. How Does Bitcoin Work? Blockchain: Bitcoin transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers (nodes) around the world. Mining: New Bitcoins are created through a process called mining, where miners solve complex mathematical problems to validate transactions and secure the network. Decentralization: Bitcoin is not controlled by any single entity. Instead, it relies on its distributed network to ensure transparency and security. Key Features of Bitcoin 1. Decentralized: No central authority controls Bitcoin, making it resistant to censorship and interference. 2. Limited Supply: Only 21 million Bitcoins will ever exist, creating scarcity and potentially increasing its value over time. 3. Borderless Transactions: Bitcoin enables instant transactions across the globe without the need for banks or payment processors
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