Introduction: Bitcoin, a decentralized digital currency, differs fundamentally from traditional fiat money issued by governments. Understanding these differences and the advantages of Bitcoin can provide insights into its growing popularity and potential impact on the financial landscape. Key Differences: Decentralization: Bitcoin: Operates on a decentralized network of nodes without a central authority. Traditional Money: Controlled […]
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What is Bitcoin?
Bitcoin is the first and most well-known cryptocurrency, created by an anonymous person or group known as Satoshi Nakamoto. Launched in 2009, Bitcoin introduced the concept of a decentralized digital currency, functioning without a central authority or intermediaries. How Bitcoin Works: Bitcoin operates on a peer-to-peer network where transactions are verified by network nodes through […]