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Bitcoin, an electronic coin, was the first cryptocurrency, which was introduced in the year 2009. Since then, several different cryptocurrencies have sprung up and are making rounds in the market. Bitcoin is a part of a decentralized and distributed digital cash system, which is measured using the digital ledger known as the blockchain transaction database. So, if your next questions are "why use cryptocurrencies" or "why use Bitcoin", then read on to get the answers for these queries.