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Bitcoin Overview

Satish Chand
Short description of Bitcoin

Bitcoin is a digital currency that was created in 2009 by an anonymous person or group using the pseudonym "Satoshi Nakamoto." It is decentralized, meaning it operates without a central authority or bank. Instead, transactions are verified by a network of computers using cryptography and recorded in a public ledger called the blockchain. Bitcoin can be used to purchase goods and services, or held as an investment. Its value is highly volatile and determined by market demand. Transactions are irreversible and anonymous, but can be traced through the blockchain. The supply of Bitcoin is limited to 21 million, with approximately 18.7 million currently in circulation.