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Bitcoin
Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
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Bitcoin Fee Crash Could Lead to Faster Miner Selling, Analysts Say
Bitcoin's mean transaction fee has reversed the post-halving Runes-led spike, squeezing miners' revenue.
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The latest price moves in crypto markets in context for May 14, 2024.
Bitcoin Runes Protocol Sees Traction Waning After Much-Hyped Introduction
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