<h3>What is Bitcoin (BTC)?</h3>Bitcoin (BTC) is the world's first decentralized cryptocurrency, launched in 2009 by an anonymous creator or group known as Satoshi Nakamoto. Operating on a peer-to-peer network, Bitcoin enables users to send and receive payments without relying on banks or intermediaries.<h3>How does Bitcoin work?</h3><ul><li>Blockchain Technology: Bitcoin's transactions are recorded on a distributed ledger called the blockchain, which links transaction data in a secure, chronological chain.</li><li>Consensus Mechanism: Bitcoin uses Proof of Work (PoW), where miners solve complex mathematical puzzles to validate transactions and add new blocks to the blockchain.</li><li>Algorithm: Bitcoin employs the SHA-256 hashing algorithm to secure transactions and maintain network integrity.</li><li>Smart Contracts: While Bitcoin doesn’t support advanced smart contracts, it enables conditional transactions through multi-signature addresses.</li></ul><h3>What are the potential use cases for Bitcoin?</h3><ul><li>Online Payments: Used for purchasing goods and services globally.</li><li>Cross-Border Remittances: Enables cost-effective international transfers with reduced fees compared to traditional methods.</li><li>Investment Asset: Often referred to as "digital gold," Bitcoin is a popular store of value and hedge against inflation.</li></ul><h3>What is the history of Bitcoin?</h3><ul><li>2009: Bitcoin was introduced with a value of $0, and its first transaction was recorded.</li><li>2010: The first real-world Bitcoin transaction occurred when 10,000 BTC was exchanged for two pizzas.</li><li>2017: Bitcoin Cash (BCH) forked from Bitcoin due to scaling debates.</li><li>2021: Bitcoin reached an all-time high of over $64,000, cementing its position as the largest cryptocurrency by market capitalization.</li></ul>

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