Bitcoin is a digital currency that allows people to send and receive money over the internet. Unlike traditional money, Bitcoin is not controlled by any government or bank. Instead, it runs on a technology called blockchain, which is a secure and transparent online ledger.
Each Bitcoin transaction is recorded on the blockchain and verified by thousands of computers around the world. This process ensures that no one can cheat the system or spend the same Bitcoin twice.
Key Features of Bitcoin:
Decentralized: No central authority or middleman.
Secure: Uses cryptographic algorithms to keep your funds safe.
Limited Supply: Only 21 million Bitcoins will ever exist.
Fast Transactions: Can send money globally in minutes.
Bitcoin is often seen as a store of value, like digital gold. Some people buy it for investment, while others use it for payments and on
line purchases.
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