Key Features of Bitcoin
Bitcoin offers several key features that have contributed to its popularity:
- Decentralization: Bitcoin operates without a central authority, such as a government or financial institution, making it resistant to censorship and control.
- Security: Transactions made with Bitcoin are secured using cryptographic techniques, ensuring the integrity and privacy of the parties involved.
- Global Accessibility: Bitcoin can be sent and received by anyone with an internet connection, regardless of geographical location.
- Limited Supply: There will only ever be 21 million Bitcoins in existence, making it a deflationary asset.
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