# bitcoin

By [rahuldremz.eth](https://paragraph.com/@rahuldremz) · 2023-08-10

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Digital medium of exchange using cryptography on a ledger to secure transactions and to verify transfer of ownership

**A logo for Bitcoin, the first decentralized cryptocurrency · The genesis block of Bitcoin's blockchain, with a note containing The Times newspaper headline. This note has been interpreted as a comment on the instability caused by fractional-reserve banking. A cryptocurrency,**

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*Originally published on [rahuldremz.eth](https://paragraph.com/@rahuldremz/bitcoin)*