Bitcoin is a decentralized digital currency, created in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates without a central bank or single administrator, using peer-to-peer technology on a public ledger called the blockchain. Transactions are verified by network nodes through cryptography and recorded on the blockchain.
Bitcoins are created through a process called "mining," where powerful computers solve complex mathematical problems. The supply of Bitcoin is finite, capped at 21 million coins. It's used for online transactions and as a store of value, experiencing significant price volatility and growing institutional interest.
