Bitcoin Explanation in just 3 Minutes!

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. It was invented in 2008 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto and started in 2009 when its source code was released as open-source software. Transactions are verified by network nodes through cryptography and recorded on a public ledger called a blockchain.

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