Irfan Rashid (irfan1837)
Crypto
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recast:farcaster://casts/0xd40d89bc5b436248defa7f341cefedb290316dc847a4b277455a28e0aebb274a
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About Bitcoin!! Bitcoin is a fascinating and complex subject. Here's a breakdown of key aspects: * Decentralized Digital Currency: * Bitcoin is a cryptocurrency, meaning it's a digital or virtual form of money. * A key characteristic is its decentralization. This means it operates without a central authority like a government or bank. * Blockchain Technology: * Bitcoin relies on blockchain technology, a distributed ledger that records all transactions. * This blockchain is public, transparent, and secure, making it very difficult to tamper with. * Satoshi Nakamoto: * Bitcoin was created by an anonymous person or group using the pseudonym Satoshi Nakamoto. * They released a white paper in 2008 outlining the concept, and the first Bitcoin software was launched in 2009. * Mining: * "Mining" is the process of verifying and adding transactions to the blockchain.
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