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Bitcoin is a decentralized digital currency that operates without a central authority or banks. It was introduced in 2009 by an anonymous entity known as Satoshi Nakamoto. This article provides complete information on Bitcoin, covering its history, technology, and uses.
Bitcoin uses blockchain technology to record transactions securely. Each transaction is verified by network nodes through cryptography and added to a public ledger. This ensures transparency and prevents double-spending.
As a product, Bitcoin serves as a peer-to-peer electronic cash system. It allows users to send and receive payments globally with low fees. Many people invest in Bitcoin as a store of value, similar to gold.
In summary, Bitcoin offers a revolutionary way to handle money. For complete information, it\“s essential to understand its risks and benefits. Always research before investing in this digital asset. |
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