Bitcoin is the first decentralized cryptocurrency, created in 2009 by an unknown person or group of people using the name Satoshi Nakamoto. It operates on a peer-to-peer network without the need for intermediaries. Bitcoin transactions are recorded on a public ledger called the blockchain.

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The concept of a decentralized currency has revolutionized the financial landscape, and Bitcoin remains the pioneer in this space. The distributed ledger technology behind it has opened up new possibilities for secure and transparent transactions.