Bitcoin, introduced in 2009 by an anonymous person or group known as Satoshi Nakamoto, revolutionized the financial world as the first decentralized digital currency. Operating on a technology called blockchain, Bitcoin enables peer-to-peer transactions without the need for intermediaries like banks. Transactions are recorded transparently on a public ledger, accessible to anyone, and verified by a network of computers using cryptography. This ensures security and prevents fraud. Unlike traditional currencies issued by governments (known as fiat currencies), Bitcoin isn’t controlled by any central authority, making it resistant to censorship and manipulation. Its scarcity is ensured by a predetermined algorithm, which limits the total number of bitcoins that can ever be created to 21 mil
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