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About Bitcoin
Bitcoin, launched in 2009 as open-source software, is the first cryptocurrency ever created. It operates as a digital currency, relying on cryptographically secure transactions, a proof-of-work consensus mechanism, and a decentralized peer-to-peer network. Its distributed ledger, known as the blockchain, was the first of its kind — a timestamped chain of data blocks connected by cryptographic hashes. This innovation successfully addressed the double-spending problem that hindered earlier attempts at digital currencies.
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