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What is Bitcoin ?
Bitcoin is the first and most widely recognized cryptocurrency, created in 2009 by an unknown person or group of people under the pseudonym Satoshi Nakamoto. Bitcoin operates on a decentralized network that allows peer-to-peer transactions without the need for intermediaries like banks or governments. Bitcoin is secured by a proof-of-work consensus mechanism, where miners solve complex mathematical puzzles to validate transactions and add them to the blockchain. Bitcoin's popularity stems from its limited supply of 21 million coins, making it a deflationary asset, often referred to as "digital gold." It can be used for a wide range of purposes, including payments, investment, and as a store of value. For example, Bitcoin has been adopted by companies like Tesla and Square as part of their corporate treasury strategy, and it is also legal tender in countries like El Salvador. Bitcoin's volatility, coupled with its potential for significant gains, has made it a popular asset among retail and institutional investors alike.
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