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Bitcoin is a cryptocurrency, a form of decentralized digital money that operates without the need for a central bank or administrative authority. It was created in 2009 by a person or group of people under the pseudonym Satoshi Nakamoto. Unlike traditional currencies, which are backed by governments and central banks, Bitcoin is based on a technology called blockchain.
The blockchain is a public digital ledger that records all transactions made with Bitcoin. This ledger is maintained by a network of computers distributed around the world, known as nodes, which verify and confirm transactions through a process called mining. Miners, who are users who participate in this process, receive Bitcoin as a reward for solving complex mathematical problems that ensure the integrity of the blockchain.
One of the most notable features of Bitcoin is its limited supply. Only 21 million bitcoins will ever be created, making it a deflationary asset. This feature, along with its decentralization, has led many to consider Bitcoin as a store of value similar to gold, often called “digital gold.”
Bitcoin has been the subject of controversy due to its use in illegal activities, its volatility, and its environmental impact due to the high energy consumption of mining. However, it has also gained acceptance as a legitimate form of payment and has been adopted by several companies and countries.
Bitcoin’s history has been marked by large rises and falls in its value, attracting both investors and speculators. As blockchain technology continues to develop, Bitcoin remains a central topic in the debate over the future of global money and finance.$BTC
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