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Introduction of Bitcoin benefits
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Cryptocurrency is a digital or virtual form of currency that uses cryptography for security and operates independently of a central authority, such as a government or financial institution. It relies on a decentralized ledger technology called blockchain to record all transactions securely and transparently. At its core, cryptocurrency aims to revolutionize traditional financial systems by offering a decentralized, peer-to-peer alternative for transferring value. Unlike traditional currencies, which are issued and regulated by governments or central banks, cryptocurrencies are typically decentralized and governed by a network of computers called nodes. Bitcoin, created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto, is the first and most well-known cryptocurrency. It introduced the concept of blockchain technology, which is a distributed ledger that records all transactions across a network of computers. Bitcoin operates on a decentralized network of n...