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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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The latest price moves in crypto markets in context for Sept. 14, 2023.
Bitcoin Onchain Data Show Bullish Undercurrents
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Crypto Miners Debate $500K Bitcoin Fee Refund to Paxos for 'Fat-Fingers' Error
Miners can choose to return large fees out of goodwill, even though they do not have any obligation to do so.
