Bitcoin is a decentralized digital currency that was introduced in 2009 by an anonymous individual or group known as Satoshi Nakamoto. It operates on a peer-to-peer network without the need for intermediaries like banks or governments, allowing users to send and receive funds directly. Bitcoin is based on blockchain technology, which ensures transparency, security, and immutability of transactions. As a highly volatile cryptocurrency, Bitcoin has gained popularity as a speculative investment and a means of conducting secure and pseudonymous transactions globally.
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