What is Bitcoin?

Bitcoin (BTC) is a decentralized cryptocurrency created in 2009 by Satoshi Nakamoto. Unlike traditional currencies, Bitcoin is not controlled by governments or central banks, but operates on the basis of blockchain technology, a public and secure digital ledger.

**Advantages of Bitcoin

✅ **Decentralization** – There is no central authority controlling the network.

✅ **Security** – It uses advanced cryptography to protect transactions.

✅ **Transparency** – Anyone can verify the transactions recorded on the blockchain.

✅ **Global accessibility** – You can send Bitcoin anywhere in the world, quickly and without intermediaries.

How does Bitcoin work?

Bitcoin uses a decentralized network of computers to verify and record transactions. The validation process is called **mining**, where participants solve complex mathematical problems to add new blocks to the blockchain.

Bitcoin in the economy

From a simple digital experiment, Bitcoin has become an investment asset, used as an alternative to gold and as a method of protection against inflation. More and more companies are accepting payments in Bitcoin, and some countries have begun to regulate it and integrate it into their financial systems.

Challenges of Bitcoin

🔸 **Volatility** – The price can fluctuate dramatically in a short period of time.

🔸 **Regulation** – Governments are looking for ways to control the use of cryptocurrencies.

🔸 **Security** – Losing private keys can lead to loss of funds.