Bitcoin is the first cryptocurrency or digital currency designed as an alternative to traditional fiat currencies. It was launched in 2008 by an anonymous person or team using the pseudonym Satoshi Nakamoto.

Unlike traditional fiat currencies, which are controlled by central authorities like the government or banks, Bitcoin is decentralized, meaning no authorities control it. Leveraging the revolutionary Blockchain technology, Bitcoin operates on a peer-to-peer network where the Bitcoin transactions are verified and recorded on the public blockchain.

In this blog, we’ll break down Bitcoin, the most popular and first-ever cryptocurrency.

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