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- Bitcoin, introduced in 2008 by an anonymous creator known as Satoshi Nakamoto, is a decentralized, digital currency exchanged through a peer-to-peer network without centralized authorities1. Here are some key points for beginners:
- Bitcoin is the world's first decentralized cryptocurrency, using blockchain technology to secure and verify transactions.
- The Bitcoin network is public and open-source, meaning anyone can participate.
- New Bitcoins are created as part of the mining process, as a reward to people whose computer systems help validate transactions.
- Buying Bitcoin exposes you to a volatile asset class2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Quick Takes
- Bitcoin, introduced in 2008 by an anonymous creator known as Satoshi Nakamoto, is a decentralized, digital currency exchanged through a peer-to-peer network without centralized authorities.
www.coindesk.com/learn/what-is-bitcoin/- Bitcoin is a form of digital currency that uses blockchain technology to support transactions between users on a decentralized network.
- New Bitcoins are created as part of the mining process, as a reward to people whose computer systems help validate transactions.
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