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Bitcoin: The Decentralized, Open-Source Cryptocurrency

Bitcoin is a decentralized, open-source cryptocurrency that was created in 2009 by an individual or group of individuals under the pseudonym Satoshi Nakamoto. btc

It is based on a peer-to-peer network that allows for the secure transfer of funds without the need for a central authority or financial institution.

Bitcoin is powered by a technology called blockchain, which is a decentralized, digital ledger of all Bitcoin transactions.

Blockchain technology allows for the secure and transparent recording of transactions, making it difficult to fraudulently alter the record.

Bitcoin is often referred to as the first and most widely-used cryptocurrency.

It is accepted as a form of payment by a growing number of merchants and individuals, and its value is determined by supply and demand on cryptocurrency exchanges.

Bitcoin has a limited maximum supply of 21 million coins, and as of 2021, over 18 million coins have been mined.

Bitcoin has gained significant attention and adoption since its inception, and it has a large and active community of users and developers.

It has been used as a store of value, a means of exchange, and a speculative asset, and it has also been used to raise money through initial coin offerings (ICOs).

However, its price can be volatile and it is not without controversy, as it has been associated with illegal activities and has faced regulatory challenges in some jurisdictions.

This post is based on this twitter thread.


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