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Bitcoin was conceptualized in a whitepaper published by an anonymous person or group using the pseudonym Satoshi Nakamoto in 2008. The whitepaper, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” outlined the technical foundations of a decentralized digital currency, introducing concepts like blockchain technology, mining, and cryptography. This revolutionary approach aimed to eliminate the need for intermediaries, such as banks, and enable secure, peer-to-peer transactions.

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