Launched in 2009, Bitcoin is the largest cryptocurrency in the world by market cap.
Unlike fiat currency, Bitcoins are created, distributed, traded and stored using a decentralized ledger system known as a blockchain.
Bitcoin and its ledger are backed by a Proof-of-Work (PoW) consensus, which is also a "mining" process that introduces new bitcoins into the system.
Bitcoins can be purchased through various cryptocurrency exchanges.
Bitcoin's history as a store of value is turbulent; it has gone through several boom and bust cycles in its relatively short lifespan.
As the first decentralized virtual currency to achieve widespread popularity and success, Bitcoin inspired many other cryptocurrencies to follow suit.

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