BITCOIN Definition

1. **Decentralization**: Bitcoin operates on a decentralized network, meaning it's not controlled by any single entity like a government or bank.

2. **Limited Supply**: There will only ever be 21 million bitcoins, making it a deflationary asset compared to fiat currencies that can be printed endlessly.

3. **Transparency**: Transactions on the Bitcoin network are transparent and recorded on a public ledger called the blockchain, accessible to anyone.

4. **Security**: Bitcoin transactions are secured by cryptographic techniques, making them extremely difficult to counterfeit or reverse.

5. **Global Accessibility**: Bitcoin can be sent or received anywhere in the world, at any time, as long as there's an internet connection, without the need for intermediaries like banks.

6. **Permissionless**: Anyone can participate in the Bitcoin network without needing approval from a central authority, opening up financial opportunities to those without access to traditional banking services.

7. **Store of Value**: Many investors see Bitcoin as a digital store of value, similar to gold, due to its scarcity and potential for long-term appreciation.

8. **Volatility**: Bitcoin's price can be highly volatile, experiencing rapid fluctuations in value over short periods, presenting both opportunities and risks for investors.

9. **Innovation**: The underlying technology behind Bitcoin, blockchain, has inspired countless innovations and applications beyond cryptocurrency, including smart contracts, decentralized finance (DeFi), and non-fungible tokens (NFTs).

10. **Regulatory Challenges**: Bitcoin operates in a regulatory gray area in many jurisdictions, with governments grappling with how to classify and regulate it, leading to uncertainty for businesses and investors.

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