What is Bitcoin?
Bitcoin is a digital currency that was introduced in 2009 by an unknown person or group "Satoshi Nakamoto". This currency is not controlled by any government or central bank, but by a decentralized system, called blockchain technology.
What is blockchain?
A blockchain is a digital ledger (account) that securely records every transaction. This ledger is stored on many computers around the world, so it is very difficult to hack or change.
Bitcoin features:
Decentralized system: No bank or government controls it.
Limited quantity: Only 21 million bitcoins can be created.
Transparency: Every transaction is recorded on a public blockchain.
Faster payments: Money can be sent to any corner of the world in a matter of minutes.
How to get Bitcoin?
1. By purchasing: Can be purchased from crypto exchanges such as Binance or Coinbase.
2. By mining: Can be obtained new Bitcoin using computational power.
3. By payment: Some businesses accept Bitcoin as payment.
Risks:
Price volatility: Bitcoin's price changes very quickly.
Lack of regulation: It is not legally recognized in many countries.
Cyber attacks: If your crypto wallet is not secure, it can be lost.