Bitcoin is a decentralized digital currency that operates on a peer-to-peer network without the need for a central authority. It was created by an anonymous person or group of people using the pseudonym Satoshi Nakamoto in 2009. Bitcoin transactions are recorded on a public ledger called the blockchain, which ensures transparency and security. Its limited supply of 21 million coins has led to its reputation as a store of value, akin to digital gold. However, its volatile nature and regulatory uncertainties make it a controversial asset.
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