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Bitcoin is a type of currency, which is to be transacted online through a digital platform and not using the normal currency. In the year 2008, a software developer or someone by the name Satoshi Nakamoto launched this currency, thus, ending the dependency on the physical currency in the financial world. As of now, the person is anonymous and all that people know about him is that he had written a white paper on this new form of currency, so that the people could understand it better.

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