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What is Bitcoin?


What is Bitcoin?


Bitcoin is the first cryptocurrency created by an anonymous person called Satoshi Nakamoto

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It is a digital currency that helps you send and receive money from one person to another or from one place to another without the involvement of any middleman like banks.

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It is peer-to-peer digital cash that enables people globally to transact with each other without any third-party software or any central unity

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It is a decentralized digital currency

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It is a peer-to-peer payment system which helps users to send and receive bitcoins directly without any intermediately

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It is not controlled by any central authority or government

It was created in 2008

It was created and aimed as a store of value

It uses the technology called blockchain and hence called Bitcoin blockchain.

Bitcoin was first released in January 2009 as open-source software. Being released as open-source software it allowed people to download, and read its blockchain and come up with their own different blockchains that go beyond Bitcoin itself,  as you can see today we have a lot of cryptocurrencies with different blockchain knowledge but both steal the knowledge from satoshi Nakamoto who is the founder of Bitcoin Blockchain and improve to create their own system

 

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