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2025-01-02 21:51:52

beitmenotyou on Nostr: Bitcoin explained in 24 seconds: Bitcoin is the first decentralized digital currency, ...


Bitcoin explained in 24 seconds:

Bitcoin is the first decentralized digital currency, introduced in 2009 by an anonymous creator, Satoshi Nakamoto. It uses blockchain technology—a secure, transparent ledger that records all transactions. Unlike traditional currencies, Bitcoin isn't controlled by banks or governments.

Key features:
- Limited Supply: Only 21 million Bitcoins will ever exist, making it scarce like digital gold.

- Decentralized: No single authority controls Bitcoin, ensuring security and transparency.

- Global Reach: Bitcoin enables peer-to-peer transactions anywhere in the world, without intermediaries.

Bitcoin’s decentralized nature makes it revolutionary, offering a new way to store and transfer value.

#Bitcoin #Crypto #Blockchain #Decentralization #DigitalGold
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