#USChinaTensions Bitcoin:

Definition

Bitcoin is a decentralized digital currency that enables peer-to-peer transactions without the need for intermediaries like banks.

Key Features

1. *Decentralized*: Operates independently of central banks and governments.

2. *Digital*: Exists only in electronic form.

3. *Limited supply*: Total supply capped at 21 million.

Uses

1. *Payments*: Can be used for online transactions.

2. *Investment*: Some people invest in Bitcoin as a store of value or speculative asset.

Characteristics

1. *Volatility*: Bitcoin's value can fluctuate rapidly.

2. *Security*: Transactions are recorded on a public ledger called the blockchain.

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