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2. Bitcoin - Wikipedia

   en.wikipedia.org/wiki/Bitcoin

   Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person. [5] Use of bitcoin as a currency began in 2009, [6] with the release of its open-source implementation. [7]: ch. 1 In 2021, El Salvador adopted it as legal tender ...

3. What Is the Bitcoin White Paper? - AOL

   www.aol.com/finance/bitcoin-white-paper...

   The Bitcoin white paper is a nine-page paper with 12 sections plus an abstract that details a new kind of digital currency or online payment system. At the time the paper was written, Bitcoin did ...

4. Bitcoin protocol - Wikipedia

   en.wikipedia.org/wiki/Bitcoin_protocol

   A diagram of a bitcoin transfer. The bitcoin protocol is the set of rules that govern the functioning of bitcoin.Its key components and principles are: a peer-to-peer decentralized network with no central oversight; the blockchain technology, a public ledger that records all bitcoin transactions; mining and proof of work, the process to create new bitcoins and verify transactions; and ...

5. Explainer: What common cryptocurrency terms mean - AOL

   www.aol.com/finance/explainer-common-crypto...

   Bitcoin uses a proof-of-work system, a process that consumes significant energy and resources. Smart contract. Self-executing contracts with the terms of the agreement directly written into code.

6. History of bitcoin - Wikipedia

   en.wikipedia.org/wiki/History_of_bitcoin

   Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction on 12 January 2009 (block 170). [ 25 ] [ 26 ] Other early supporters were Wei Dai , creator of bitcoin predecessor b-money , and Nick Szabo , creator of bitcoin predecessor bit gold . [ 16 ]

7. A Short Guide to Understanding Bitcoins - AOL

   www.aol.com/news/2013-03-26-a-short-guide-to...

   The bitcoin, a digital currency, "Bitcoins" either sound like a futuristic, implantable, laser-guided, and rocket-pack equipped form of money, or the latest coin-shaped chocolate snack. In reality ...

8. What is DeFi? A beginner’s guide to decentralized finance - AOL

   www.aol.com/finance/defi-beginner-guide...

   DeFi — short for decentralized finance — is a new vision of banking and financial services that is based on peer-to-peer payments through blockchain technology. Via blockchain, DeFi allows ...

9. Economics of bitcoin - Wikipedia

   en.wikipedia.org/wiki/Economics_of_bitcoin

   A bitcoin ATM in California. Bitcoins can be bought and sold both on- and offline. Participants in online exchanges offer bitcoin buy and sell bids.Using an online exchange to obtain bitcoins entails some risk, and, according to a study published in April 2013, 45% of exchanges fail and take client bitcoins with them. [30]