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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Interesting to note that the anonymity of Satoshi Nakamoto has contributed to the decentralized nature of Bitcoin, allowing it to operate independently of traditional financial systems.