What is Bitcoin?
Bitcoin is a cryptocurrency and a worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer, and transactions take place directly between users without an intermediary.
How does Bitcoin work?
Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The source code was released as open-source software in 2009.
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