Bitcoin, launched by Satoshi Nakamoto on January 3, 2009, is a decentralized digital currency with its core technology being blockchain. The characteristics of Bitcoin include: decentralized transactions, transparent and tamper-free blockchain records, a total limit of 21 million coins, relative anonymity, global circulation and low transaction fees. However, Bitcoin also has disadvantages such as severe price fluctuations and high investment risks, and brings regulatory challenges. This article will explain the characteristics, advantages and risks of Bitcoin in detail, explore its dual role as a payment tool and investment asset, and its impact on the development of blockchain technology. Keywords: Bitcoin, blockchain, digital currency, decentralization, investment, risk
Bitcoin was officially released on January 3, 2009 and was created by Satoshi Nakamoto, marking the birth of blockchain technology.
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Detailed introduction
Bitcoin is a decentralized digital currency proposed by Satoshi Nakamoto in 2008 and officially launched on January 3, 2009. Here are the main features of Bitcoin:
Decentralization : Bitcoin does not rely on central institutions, and transactions are conducted through a peer-to-peer network and jointly maintained by global nodes.
Blockchain technology : Transactions are recorded on the blockchain, each block contains multiple transactions, linked in chronological order, ensuring transparency and tamper-free.
Limited supply : The total amount of Bitcoin is capped at 21 million, and it is gradually released through "mining". Mining is the process of verifying transactions and obtaining new Bitcoins.
Anonymity : Users conduct transactions through addresses without providing their true identity, but transaction records are publicly verified.
Global circulation : Bitcoin can be traded globally without geographical restrictions, fast transaction speed and low fees.
Great volatility : Bitcoin price fluctuates violently, and is affected by market supply and demand, policies and other factors, and investment risks are high.
Bitcoin is both a payment tool and an investment asset, driving the development of blockchain technology, but its anonymity also brings regulatory challenges.
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