Bitcoin has several notable features that make it unique in the world of digital currencies:
Decentralization: Bitcoin operates without a central authority, like a government or financial institution. It relies on a decentralized network of computers (nodes) to validate transactions and maintain the blockchain.
Limited Supply: The total supply of Bitcoin is capped at 21 million coins, which creates scarcity and is one of the reasons it is often compared to gold.
Transparency and Security: Every transaction made on the Bitcoin network is recorded on the blockchain, a public ledger, making it transparent and immutable. Once confirmed, transactions cannot be altered or erased.
Mining and Proof of Work: Bitcoin transactions are validated by miners, who solve complex mathematical problems through a process called "proof of work." This provides security to the network and adds new bitcoins into circulation.
Global Accessibility: Bitcoin can be accessed and transacted globally, offering financial inclusion for those who don’t have access to traditional banking systems.
