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What Exactly is Bitcoin and Why Should You Care?Bitcoin (BTC) is a blockchain-based cryptocurrency that powers the world's first decentralized digital payment network. Launched in January 2009, Bitcoin (BTC) was developed to address the fundamental problem of trust and inefficiency in traditional financial systems. With its peer-to-peer technology and cryptographic security, BTC enables users to transfer value globally without intermediaries, ensuring transparency, security, and resistance to ce
What is Bitcoin Mining? (Explained for Beginners)BTC mining is the computational process that powers the proof-of-work Bitcoin network, securing transactions and generating new bitcoins. Unlike traditional currencies issued by central banks, Bitcoin relies on a decentralized network of miners who contribute their computing power to validate BTC transactions and maintain the blockchain's integrity.This process began in 2009, when Satoshi Nakamoto launched the Bitcoin network with a vision to crea