Bitcoin is a revolutionary cryptocurrency that operates on a decentralized system called blockchain. It was created by an anonymous person or group known as Satoshi Nakamoto in 2008 and officially launched in 2009. Bitcoin transactions are recorded on the blockchain, which is maintained by thousands of computers worldwide, making it highly resistant to manipulation. Bitcoin mining is the process through which new bitcoins are created and transactions are verified, using a consensus mechanism called Proof of Work. Bitcoin is often referred to as "digital gold" due to its limited supply and similarities to the precious metal. Its supply is capped at 21 million bitcoins, and new bitcoins are gradually created through a process similar to gold mining. Bitcoin's scarcity and potential as a store of value contribute to its value proposition. As Bitcoin gains mainstream acceptance, with companies holding it on their balance sheets and countries adopting it as legal tender, its credibility and impact on the financial world continue to grow.



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