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  1. Home
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cryptocurrency

Bitcoin

The first cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.

Definition

The first cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. It runs on a proof-of-work blockchain with a fixed supply of 21 million coins. Bitcoin's often called 'digital gold' because it's seen as a store of value and hedge against inflation.

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Related Terms

Blockchain

A distributed database where transactions are grouped into blocks and linked together cryptographically.

Satoshi

The smallest unit of Bitcoin, equal to 0.

Mining

Using computational power to validate transactions and create new blocks on proof-of-work blockchains.

Proof of Work (PoW)

A consensus mechanism where miners solve computational puzzles to create blocks and earn rewards.

Address Poisoning

A scam where attackers send tiny transactions from addresses that look similar to ones you've interacted with, hoping you'll accidentally copy the wrong address from your transaction history.

AI x Crypto

The intersection of artificial intelligence and blockchain technology.

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