What is Bitcoin

in bitcoin •  2 years ago  (edited)

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Bitcoin explained.

kailash jha
What is Bitcoin

Bitcoin is a digital cryptocurrency that was created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. It is a decentralized form of digital currency, meaning that it is not controlled by any central authority, such as a government or financial institution.

Bitcoin transactions are recorded on a public ledger called the blockchain, which allows for secure and transparent transactions without the need for intermediaries like banks. The supply of Bitcoin is limited, with only 21 million Bitcoin in existence, which gives it a unique scarcity value similar to gold.

Bitcoin can be bought and sold on various cryptocurrency exchanges, and it can also be used to purchase goods and services from merchants who accept it as payment. However, the price of Bitcoin can be highly volatile, and it is important to understand the risks associated with investing in cryptocurrencies before deciding to invest.

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2 years ago by

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      ·  2 years ago 

    You've got a free upvote from witness fuli.
    Peace & Love!

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