Bitcoin cryptocurrency details
Bitcoin, the world's first cryptocurrency, is stored and transferred securely over the internet via a blockchain, a digital record. Bitcoins are divided into smaller units called satoshis, which are worth 0.00000001 bitcoins each.
Satoshi Nakamoto, a pseudonymous individual or group, developed Bitcoin in a white paper published in 2008. Bitcoin is a simple concept: it's digital money that allows for safe peer-to-peer Internet transactions. Itcoin is based on cryptography, which makes it incredibly safe and accessible to everyone. When you create a "bank account" on the worldwide Bitcoin network, you get an extraordinarily long password, also known as a "private key," that no one else can guess. Using the public version of their key, anyone with Internet connection can receive, send, and retain Bitcoin.
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