Small information About Bitcoin
Bitcoin, launched in 2009 by the pseudonymous Satoshi Nakamoto, is the first decentralized digital currency. It operates without a central authority like a bank, relying instead on a peer-to-peer network and cryptographic principles. Transactions are recorded on a public, distributed ledger called the blockchain, ensuring transparency and security.
New bitcoins are created through a process called "mining," where powerful computers solve complex mathematical problems. This process also validates and adds new transaction blocks to the blockchain. The supply of Bitcoin is capped at 21 million coins, a design feature intended to create scarcity.
Bitcoin's value has fluctuated significantly since its inception, attracting both investors and critics. It's used for online transactions, although adoption as a mainstream payment method varies. It's also seen as a store of value, sometimes referred to as "digital gold." While offering potential benefits like lower transaction fees and decentralization, Bitcoin also faces challenges related to scalability, regulatory uncertainty, and environmental concerns due to its energy-intensive mining process.
