Bitcoin

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Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person


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ETH price, FMA May 23 2024 (CoinDesk)
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Technical analysis and derivatives point to a bullish undertone for bitcoin, ether. (poupoune05/Pixabay)
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Bitcoin is coming to MetaMask (Unsplash)
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BTC price, FMA May 22 2024 (CoinDesk)
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BTC price, FMA May 22 2024 (CoinDesk)

(Jim Henderson, modified by CoinDesk)
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(Jim Henderson, modified by CoinDesk)

(Jim Henderson, modified by CoinDesk)
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(Jim Henderson, modified by CoinDesk)

ETH price, FMA May 21 2024 (CoinDesk)
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