Bitcoin

As the world's first decentralized cryptocurrency, Bitcoin uses public-key cryptography to record, sign, and send transactions over the Bitcoin blockchain without the oversight of a centralized authority. This means that Bitcoin is a type of digital asset where transactions are recorded, signed, and sent over a network without central authority oversight. A computer programmer or group of programmers with the pseudonym “Satoshi Nakamoto” launched the Bitcoin network (with an upper-case “B”) in January 2009. In this network, value can be transferred over the Internet, or it can act as a store of value like gold or silver, by using a cryptocurrency known as bitcoin (lower case “b”). It is a peer-to-peer electronic payment system. Bitcoins are made up of 100 million satoshis (the smallest unit of currency in bitcoin), making each bitcoin able to be divided up to eight decimal places. In other words, anyone with as little as one dollar can purchase a fraction of a bitcoin, which makes it a very accessible investment.

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