What is Bitcoin?
Bitcoin (BTC) is the first and most well-known cryptocurrency, created in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates on a decentralized blockchain network, allowing users to send and receive funds without the need for intermediaries like banks.
Key Features of Bitcoin
1. Decentralization – Bitcoin runs on a peer-to-peer network, meaning no single entity controls it.
2. Limited Supply – Only 21 million BTC will ever exist, making it a scarce digital asset.
3. Security & Transparency – Transactions are recorded on a public blockchain, ensuring immutability and security.
4. Mining & Proof-of-Work (PoW) – Bitcoin is secured through a mining process, where miners solve complex mathematical puzzles to validate transactions and earn BTC rewards.
5. Store of Value – Often referred to as "digital gold," Bitcoin is used as a hedge against inflation and economic instability.
