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Bitcoin Facts
Fundamentals
Created in 2009 by pseudonymous developer Satoshi Nakamoto
First decentralized cryptocurrency, running on blockchain technology
Limited supply of 21 million coins, with about 19.85M currently in circulation
New coins are created through mining process approximately every 10 minutes
Technical Features
Uses SHA-256 cryptographic hash function for security
Transactions are verified by network nodes through cryptography
Halving event occurs approximately every 4 years, reducing mining rewards
Network is maintained by thousands of nodes worldwide