"Bitcoin is a Peer-to-peer decentralised payments system. It allows anyone to access and participate in the network. It operates under a set of rules (code) that are agreed upon by the network (consensus). This is enforced by computational power (miners). The miners are incentivised through receiving Bitcoins as rewards for their work. These rewards will gradually diminish until Bitcoin reaches its maximum supply of 21 million coins. "
I was looking for a short, but not grade school level introduction to bitcoin in a short paragraph. I couldn't find anything so I took a shot a writing it myself. I am seeking feedback to make sure it is correct, or if it could be improved.
Thanks
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source https://www.reddit.com/r/btc/comments/c0e4kn/thoughts_on_this_short_explanation_of_bitcoin/
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