@irfan1837
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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