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Bitcoin BTC |
BUY
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£48852.53 |
-0.56% (24h) |
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Marketcap |
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£979,202,456,470 |
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Volume 24h |
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£17,843,916,070 |
Description
Bitcoin (BTC) is the world's first decentralized digital currency, created in 2009 by the mysterious figure known as Satoshi Nakamoto. It operates on a peer-to-peer network, allowing users to send and receive payments without the need for traditional financial intermediaries like banks. The network is secured by a consensus mechanism called Proof of Work, where miners solve complex mathematical problems to validate transactions and earn new coins. Often referred to as "digital gold," Bitcoin is primarily used as a long-term store of value and a hedge against inflation.