Bitcoin (BTC) is a decentralized digital currency created in 2009 by an anonymous person or group of people under the pseudonym Satoshi Nakamoto. It operates without a central authority or government, relying instead on a peer-to-peer network to validate transactions. Bitcoin transactions are recorded on a public ledger called the blockchain, ensuring transparency and security.

Bitcoin is unique in that it uses proof-of-work (PoW) to secure transactions, meaning miners solve complex cryptographic puzzles to validate transactions and add them to the blockchain. Miners are rewarded with newly minted bitcoins for their efforts.

Bitcoin is often referred to as "digital gold" due to its store of value attributes, and it has gained significant attention as an investment asset, with volatility making it both risky and potentially profitable. Over time, Bitcoin has been adopted as a method of payment for goods and services by various businesses, and it is seen as a hedge against inflation and a potential alternative to traditional financial systems.

Bitcoin's scarcity, with a total supply capped at 21 million coins, has also contributed to its appeal as a deflationary asset. However, its scalability, energy consumption, and regulatory challenges remain topics of debate and concern.

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