#StaySAFU
Sure, here is a brief summary about Bitcoin:
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What is Bitcoin?
Bitcoin is a cryptocurrency that was launched in 2009 by a person (or group) using the pseudonym Satoshi Nakamoto. It is considered the first decentralized digital currency in the world, meaning it is not controlled by any government or central bank.
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How does it work?
It relies on blockchain technology, which is a public digital ledger that records all transactions.
The network is secured and transactions are verified using a system called mining.
Each transaction is recorded and encrypted in a way that makes tampering nearly impossible.
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Advantages of Bitcoin:
Decentralized: No entity controls it.
Transparent and secure: Everyone can see the transactions, but identities are kept private.
Limited supply: Only 21 million Bitcoins can ever be mined.
It can be used as a means of payment
