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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(Kevin Ku/Unsplash)
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(Kevin Ku/Unsplash)

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Cosmos co-founder and Informal Systems CEO Ethan Buchman is scheduled to speak on the "bitcoinization of Cosmos" at Consensus 2024. (Bradley Keoun)
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Craig Wright heading to COPA trial on March 1  (Camomile Shumba/CoinDesk)
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Craig Wright heading to COPA trial on March 1  (Camomile Shumba/CoinDesk)

Crypto prices rallied on Friday (Gerd Altmann/Pixabay)
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Crypto prices rallied on Friday (Gerd Altmann/Pixabay)

BTC price, FMA May 20 2024 (CoinDesk)
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BTC price, FMA May 20 2024 (CoinDesk)

(CoinDesk Indices)
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Strategy, board. (kaboompics/Pixabay)
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Strategy, board. (kaboompics/Pixabay)

Crypto prices continue their move higher (Jungwoo Hong/Unsplash)
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Crypto prices continue their move higher (Jungwoo Hong/Unsplash)

The Mining Pod With Will Foxley Wide
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The Mining Pod With Will Foxley Wide