$BTC
#CryptoCPIWatch Bitcoin (BTC) is the first and most well-known cryptocurrency in the world. Here's a basic overview in English:
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What is Bitcoin?
Bitcoin is a digital currency that allows people to send and receive money over the internet without needing a bank or middleman. It was created in 2009 by an unknown person or group using the name Satoshi Nakamoto.
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Key Features:
Decentralized: No single authority controls Bitcoin. It runs on a network of computers around the world.
Limited Supply: Only 21 million bitcoins will ever exist, making it scarce and potentially valuable over time.
Blockchain Technology: Bitcoin transactions are recorded on a public ledger called the blockchain, which ensures transparency and security.
Mining: New bitcoins are created through a process called mining, where computers solve complex puzzles to validate transactions.
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Why Do People Use Bitcoin?
As an investment (often called "digital gold")
For online purchases
To transfer money internationally quickly and cheaply
To protect wealth from inflation
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Risks and Challenges:
Price volatility: Bitcoin's price can rise or fall very quickly.
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