Bitcoin (BTC) is a decentralized digital currency, also known as a cryptocurrency, that was created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto. Bitcoin transactions are recorded on a public ledger called a blockchain, and the creation of new bitcoins is based on a process called mining.
Unlike traditional currencies, bitcoin operates independently of a central bank and is not backed by any government. Bitcoin has become widely used as a means of payment and a store of value, although its volatile price and regulatory issues have caused some concern.
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