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Cryptocurrency is a digital form of money that uses cryptography for security. Bitcoin is the first and most well-known cryptocurrency, created by an unknown person or group under the name Satoshi Nakamoto in 2009. It operates on a decentralized network called blockchain, which records all transactions transparently and securely.
Bitcoin allows for peer-to-peer transactions without the need for intermediaries like banks. This makes it fast and cost-effective for global transfers. Additionally, Bitcoin has a limited supply of 21 million coins, which can help protect against inflation. Many people invest in Bitcoin as a store of value or for trading purposes.
Overall, cryptocurrency and Bitcoin offer innovative ways to handle money and investments in the digital age. They continue to evolve with new technologies and applications. |
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