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Bitcoin Explained

Everything you need to know about Bitcoin, the world's first and most valuable cryptocurrency.

What is Bitcoin?

Bitcoin (BTC) is a decentralized digital currency that operates without a central bank or single administrator. It was created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto.

Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

How Bitcoin Works

Bitcoin uses a peer-to-peer network to process transactions. When you send Bitcoin, the transaction is broadcast to the network and verified by miners.

Miners use powerful computers to solve complex mathematical problems, and when they succeed, they add the transaction to the blockchain and receive Bitcoin as a reward.

Why Bitcoin Matters

Decentralization: No single entity controls Bitcoin
Limited Supply: Only 21 million Bitcoin will ever exist
Transparency: All transactions are public and verifiable
Security: Cryptographically secure and immutable
Global: Works anywhere in the world