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What is Bitcoin: How It Works & What You Need to Know
Bitcoin, Cryptocurrency

What is Bitcoin: How It Works & What You Need to Know

In a world that's increasingly digital, Bitcoin has emerged as a revolutionary force. But what is Bitcoin, and how does it work? In this article, we will delve deep into the world of Bitcoin, providing you with a clear understanding of its workings and the essential knowledge you need to become a savvy Bitcoin user. Let's embark on this exciting journey into the realm of cryptocurrency. What is Bitcoin? Bitcoin Bitcoin, often abbreviated as BTC, is a decentralized digital currency that exists purely in electronic form. Created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto, Bitcoin was introduced as an open-source software that enabled peer-to-peer transactions without the need for intermediaries like banks. Since then, it has grown to become the...