Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin and blockchain technology introduce solutions for real-world issues, seeking to help the unbanked population, combat counterfeiting and improve cross-border transactions to name a few. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto's own words, to allow ‚online payments to be sent directly from one party to another without going through a financial institution.
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