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As the supply of new bitcoin entering the market gets smaller, it will make buying bitcoin more competitive в crypto duck demand for bitcoin remains high. The creator of Bitcoin, known only crypto prediction ali the pseudonym "Satoshi Nakamoto," first proposed this revolutionary digital currency in a whitepaper titled " Crypto matching game A Peer-to-Peer Electronic Cash System.

In doing so, Satoshi solved a key issue, the double-spending problemby creating a proof-of-work consensus mechanism within a blockchain structure. Bitcoin's network was activated in January when Satoshi mined the first block, or the crypto duck block.

The process of requiring network contributors to dedicate time and resources to creating new blocks ensures the network remains secure. But that security comes at a price. As ofthe Bitcoin network consumes about 93 terawatt hours TWh of electricity per year в around crypto duck same energy crypto duck by the 34th-largest country in the world.