The Bitcoin blockchain is a distributed, public ledger where every Bitcoin transaction is stored. An individual or a group of people called Satoshi Nakamoto created the Bitcoin protocol in 2008 to encourage decentralized digital assets as an alternative to centralized fiat currencies.

Since fiat currencies are prone to inflation and other market risks, decentralized cryptocurrency, Bitcoin attracted the attention of investors worldwide. Bitcoin’s white paper, which was published in October 2008, described a set of computational rules that represented a new type of distributed database, the blockchain. Later, the Bitcoin blockchain network was launched in January 2009.

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