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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 authorities12. It is the world's first decentralized cryptocurrency, using blockchain technology to secure and verify transactions1. Here are some key points to understand Bitcoin:
- Bitcoin is a digital currency that operates electronically and is not controlled by a central bank or government2.
- Each Bitcoin is a digital asset that can be stored at a cryptocurrency exchange or in a digital wallet3.
- Bitcoin mining is the process by which new bitcoins are created and added to the blockchain4.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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. It's the world's first decentralized cryptocurrency, using blockchain technology to secure and verify transactions.www.coindesk.com/learn/what-is-bitcoin/In short – Bitcoin is the first cryptocurrency ever created. It is a digital currency that operates electronically and is not controlled by a central bank or government. Because it's decentralized, Bitcoin runs on a peer-to-peer network where transactions are conducted directly between users.cryptomaniaks.com/what-is-bitcoinEach Bitcoin is a digital asset that can be stored at a cryptocurrency exchange or in a digital wallet. Each individual coin represents the value of Bitcoin’s current price, but you can also own partial shares of each coin. The smallest denomination of each Bitcoin is called a Satoshi, sharing its name with Bitcoin’s creator.www.nerdwallet.com/article/investing/what-is-bitcoinBitcoin is the public blockchain used to create and manage the cryptocurrency of the same name. Bitcoin mining is the race between miners to hash specific values and other block information to find the solution to a hashing problem and add a block to the blockchain. The winning miner is rewarded with bitcoins.www.investopedia.com/terms/b/bitcoin.asp - People also ask
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