Bitcoin Overview

bitcoin description 100 Words
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Bitcoin is a decentralized digital currency that operates on a peer-to-peer network without the need for a central authority or intermediary. It was introduced in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin transactions are recorded on a public ledger called the blockchain, which ensures transparency and security. Bitcoin can be obtained through a process called mining, where powerful computers solve complex mathematical problems to validate transactions and add them to the blockchain. It is often referred to as a cryptocurrency because it uses cryptography to secure transactions and control the creation of new units. Bitcoin has gained popularity as a speculative asset and a means of conducting online transactions due to its potential for anonymity and low transaction fees.
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