Bitcoin What is Bitcoin? - A Complete Guide Bitcoin is a digital currency created in 2009 by an anonymous individual or group known as "Satoshi Nakamoto." Bitcoin operates on a decentralized network, meaning it is not controlled by any government or financial institution. This cryptocurrency uses blockchain technology to ensure secure peer-to-peer transactions without the need for intermediaries like banks. Bitcoin's main goal is to give people full control over their financial transactions and provide freedom from traditional banking systems. History of Bitcoin Creation of Bitcoin Bitcoin was created during the 2008 global financial crisis. The crisis led to a loss of trust in traditional banking systems, and Satoshi Nakamoto used this opportunity to develop Bitcoin as an alternative financial system. The purpose of Bitcoin was to create a currency that was not controlled by any central authority, allowing people to engage in transactions directly with one anothe...
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