💰 The Bitcoin Breakdown

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Hey Learners! 📚 They say you learn something new every day, and that’s true.. if you’re a Waivly Learn reader.

It’s that time of the day where you get to learn something brand new or level up your knowledge and skills on a topic you’ve already started to explore.

Today, we’re learning about Bitcoin. Let’s dive in!

TODAY’S LESSON

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Introduction to Bitcoin

What exactly is Bitcoin? Well, think of it as digital money, but with a twist. Unlike the dollars in your bank account, Bitcoin isn’t controlled by any government or bank. Instead, it’s decentralized—meaning it’s run by a network of computers all around the world. No middlemen, no one in charge, just people like you and me keeping things going.

Bitcoin was created back in 2009 by an anonymous person (or group) known as Satoshi Nakamoto. Their goal was simple but revolutionary: create a form of money that’s fast, secure, and free from outside control. Bitcoin does this by using blockchain technology. Imagine a public ledger where every transaction is recorded for everyone to see, but no one can change it. That’s what makes Bitcoin secure—there’s no funny business like fraud or double-spending.

Now, here’s where it gets interesting. Unlike traditional currencies, where governments can print more money (leading to inflation), Bitcoin has a limited supply. Only 21 million Bitcoins will ever exist. This built-in scarcity is why people sometimes call it “digital gold.” As more people adopt Bitcoin, its value has skyrocketed because, well, there’s only so much of it to go around!

And it’s not just about holding Bitcoin as an investment. People use it to send money across the globe quickly and with super low fees. Think about sending money to someone in another country—normally, you’d have to deal with slow banks and high fees. With Bitcoin, it’s fast and cheap, no matter where you are.

In a nutshell, Bitcoin is money for the internet age—secure, transparent, and free from traditional financial systems. Whether it’s the future of currency or just the start of something bigger, Bitcoin is definitely shaking things up!

UNTIL NEXT TIME

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