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Frequently asked questions
Bitcoin is an open-sourced cryptocurrency created in 2009. It does not require the use of banking institutions and can be used anonymously. Because it does not originate from any specific country or region, it is not subject to regulation. Unlike most currencies today, which rely on a centralized, heavily regulated “fiat” system, Bitcoin is decentralized and unregulated. It is distributed by means of a public ledger using blockchain technology. The supply is capped at 21 million, and its value is determined by demand and the perceived benefits to users.