#XSuperApp ChatGPT

You said:

100 words on bitcoin

ChatGPT said:

You're giving feedback on a new version of ChatGPT.

Which response do you prefer? Responses may take a moment to load.

ChatGPT

Response 1

Bitcoin is a decentralized digital currency that enables peer-to-peer transactions without the need for a central authority like a bank. It was introduced in 2009 by an anonymous person or group using the name Satoshi Nakamoto. Bitcoin operates on blockchain technology, a secure and transparent public ledger. Transactions are verified by network nodes through cryptography and recorded on the blockchain. Bitcoin is limited to 21 million coins, making it scarce like gold. It is often viewed as both a digital asset and an investment tool. Despite its volatility, Bitcoin has gained global popularity and has influenced the development of many other cryptocurrencies.