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Bitcoin Whitepaper: A Brief Overview

The Bitcoin whitepaper, titled "Bitcoin: A Peer-to-Peer Electronic Cash System," was published in 2008 by an unknown person or group using the pseudonym Satoshi Nakamoto. This groundbreaking document introduced the concept of a decentralized digital currency that could operate without the need for intermediaries like banks or governments.

Key points from the whitepaper include:

• The introduction of blockchain technology as a solution to the double-spending problem
• The use of proof-of-work consensus mechanism to secure the network
• A fixed supply of 21 million bitcoins to ensure scarcity
• The concept of mining as a way to distribute new coins and incentivize network participation

The whitepaper laid the foundation for what would become the world's first and most valuable cryptocurrency, revolutionizing the concept of money and spawning an entire industry of blockchain-based technologies.