Bitcoin continues to be the undisputed leader in the cryptocurrency market, maintaining the highest market value among all digital assets. Since its creation in 2009, Bitcoin has not only revolutionized the way we think about money but has also established itself as a store of value, similar to gold.
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Blockchain is a decentralized data structure that stores information in interconnected blocks. Each block contains a set of transactions, and once a block is added to the chain, it cannot be altered without modifying all subsequent blocks as well. This ensures data integrity and security.
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Without any warning, the developers moved a large fund they owned, closed all contact channels, and disappeared, leading to the collapse of the coin's price and consequently the investments of many users. This practice, known as a rug pull, is a form of scam in the cryptocurrency market where project creators promote an asset, attract investors, and then abandon the project, leaving investors with worthless assets.
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