What Is Bitcoin? A Simple Guide for Beginners
Bitcoin, the world’s first decentralized digital currency, often called "digital gold" was created in 2009 by the mysterious Satoshi Nakamoto. This currency operates on a peer-to-peer network without a central authority like a bank or government.
How it works? Bitcoin transactions are recorded on a public ledger called the blockchain, which is transparent, secure, and immutable. This ensures that every BTC transaction is verifiable and resistant to fraud.
Bitcoin’s total supply is supposedly limited to 21 million coins, making it a deflationary asset. As its demand grows, this scarcity contributes to its long-term value, something traditional fiat currencies can’t offer.
For starters or beginners in the cryptocurrency scene, Bitcoin usually serves as a gateway into the crypto world. It is accepted globally, though with restrictions in certain countries, easy to buy on platforms like Binance and considered to be a long-term or sometimes even permanent store of value by many investors.
Before buying, make sure to do your own research #DYOR , use secure wallets, and avoid investing more than you can afford to lose, as volatility is part of the game, and so is opportunity.
Ready to explore more? Start small, stay informed, and watch how BTC can shape the future of finance as the years go by.
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology.
