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What is Bitcoin?

Bitcoin, launched in 2009 by the pseudonymous Satoshi Nakamoto, revolutionized finance as the first decentralized digital currency. It operates on a peer-to-peer network, utilizing blockchain technology to facilitate secure and transparent transactions without the need for intermediaries like banks. Bitcoin transactions are recorded on a public ledger accessible to anyone, enhancing transparency and trust. Its scarcity is ensured by a capped supply of 21 million coins, fostering its value proposition as a deflationary asset. Bitcoin’s decentralized nature, with no single entity controlling its issuance or operation, makes it resistant to censorship and manipulation. As a result, Bitcoin has garnered significant attention as a store of value and medium of exchange, sparking widespread adoption and investment interest in the cryptocurrency market.