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What Is Bitcoin?

Bitcoin is the first mainstream cryptocurrency. Created by Satoshi Nakomoto (a pseudonym for an anonymous developer or development team), Bitcoin was created in 2009 with the goal of creating an alternative to legacy banks, using blockchain distributed ledger technology as its backbone.

It quickly rose to notoriety, and by 2012, it made mainstream media airwaves as the currency of choice for the Deep Web’s infamous Silk Road marketplace. Soon BTC was being traded among journalists, activists, entrepreneurs, and tech savvy people worldwide, and thousands of blockchain-based crypto projects followed.