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Bitcoin is a digital form of money that exists only online. No bank, company or government controls it. People around the world use it to send money, to save, and to invest. If you are new to crypto, this guide explains Bitcoin in plain English. Where did Bitcoin come from? Bitcoin was created by a person or group using the name Satoshi Nakamoto. The idea was published in 2008, and the network started running in January 2009. Nobody knows who Satoshi really is. How does Bitcoin work? Think of Bitcoin as a shared notebook that thousands of computers keep a copy of. Every payment is written in that notebook. Because so many people hold a copy, it is very hard to cheat or change the records. This shared notebook is called the blockchain. Computers that keep it running are rewarded with new Bitcoin. This process is called mining. Why is Bitcoin special? Limited supply. Only 21 million Bitcoin can ever exist. This is why many people compare it to digital gold. No middleman. You can se...
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