Bitcoin
Bitcoin is the first and most famous cryptocurrency that appeared in the world, created by a person or group of people under the pseudonym "Satoshi Nakamoto" in 2008. Bitcoin aims to provide a decentralized digital payment method, independent of governments and traditional banks, enabling users to conduct financial transactions quickly and securely without the need for a central intermediary.
What is Bitcoin?
Bitcoin is a digital currency that relies on "Blockchain" technology, which is a decentralized encrypted database distributed across many servers around the world. Every transaction made with Bitcoin is recorded on this network in a way that cannot be changed or manipulated, enhancing the system's transparency and security.
How does Bitcoin work?
Bitcoin relies on a process called "Mining," where individuals use computers to solve complex mathematical equations to add new transactions to the blockchain ledger. Those who engage in mining are rewarded with new Bitcoin, making them an essential part of maintaining the network.