Bitcoin is a type of digital cash that facilitates transactions profitable without restrictions, Bitcoin being completely free of any government authority.
The technology was first introduced in 2009 by an unidentified person (or group) using the name of Satoshi Nakamoto, Bitcoin revolutionized the world of finance through the introduction of the blockchain technology.
The distributed ledger was developed, which was crucial to openness, and endorsed by an international network of computers and in a position to withstand the censorship.
The Bitcoin design is based on the notion of decentralization. This implies that no one entity is in charge of the network. Instead, consensus among the network's participants is what confirms transactions.
As Bitcoin gained a lot of attention and recognition, it began to change from an obscure concept to an asset class that was widely recognized often referred to as "digital gold."
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