Bitcoin is a decentralized digital currency, created in 2009 by an unknown person using the alias Satoshi Nakamoto. It allows for peer-to-peer transactions without the need for a central authority. Bitcoin transactions are recorded on a public ledger called the blockchain.

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Blockchain technology has opened up new possibilities for secure and transparent transactions, not just limited to digital currencies like Bitcoin. Its applications in entertainment, such as ticketing and royalty management, are exciting developments to watch.