$BTC
What is Bitcoin ?
Bitcoin is a decentralized digital currency that operates without a central authority, such as a bank or government. It was introduced in 2008 by an anonymous person or group using the pseudonym Satoshi Nakamoto. Here are some key points about Bitcoin:
1. Blockchain Technology
Bitcoin transactions are recorded on a public ledger called the blockchain.
The blockchain is maintained by a network of computers (nodes) that validate and secure transactions through a consensus mechanism called proof-of-work.
2. Decentralization
Unlike traditional currencies, Bitcoin is not controlled by any central authority.
This decentralization makes it resistant to censorship and government intervention.
3. Limited Supply
There will only ever be 21 million bitcoins in existence, making it a deflationary asset.
4. Mining
New bitcoins are created through a process called mining, where computers solve complex mathematical problems to validate transactions and add new blocks to the blockchain.
5. Use Cases
Digital payments: Bitcoin can be used to buy goods and services.
Store of value: Often referred to as "digital gold" due to its scarcity.
Investment: Many view it as an investment asset due to its potential for price appreciation.
6. Volatility
Bitcoin's price is highly volatile, with significant fluctuations over short periods.
7. Security
Transactions are secured through cryptographic techniques, making them difficult to tamper with.
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