Bitcoin is a peer-to-peer, decentralized network virtual currency, which was conceived by the anonymous Satoshi Nakamoto and his team. The background is that during the 2008 financial crisis, central banks of various countries printed and issued banknotes at will, causing inflation. Major financial institutions and bancassurance systems collapsed. As a result, people's assets in various countries have shrunk, and they cannot afford to buy houses and repay loans.
RE: What is Bitcoin and how to introduce Bitcoin in a simple and understandable way?
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What is Bitcoin and how to introduce Bitcoin in a simple and understandable way?