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Description
Bitcoin is a decentralized digital currency that operates on a peer‑to‑peer network secured by a proof‑of‑work blockchain, where transactions are recorded in immutable blocks linked by cryptographic hashes. It was created to enable borderless, censorship‑resistant payments without relying on a central authority, and it is widely used as a store of value and settlement medium. The network’s limited supply of 21 million coins and its first‑mover advantage have made Bitcoin the flagship asset and benchmark for the broader cryptocurrency ecosystem. Its simple scripting language focuses on secure value transfer rather than complex smart contracts, distinguishing it from platforms that support decentralized finance and programmable applications.
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