Bitcoin Summary:
Bitcoin wasn't built from scratch—it brought together existing technologies. The idea behind blockchain dates back to the 1990s when Stuart Haber and W. Scott Stornetta designed a cryptographic method for time-stamping documents. What Satoshi Nakamoto did was revolutionary—he solved the double-spending problem and launched the first true decentralized digital currency.
There will only ever be 21 million bitcoins. Over 94% have already been mined, but the rest will take more than a century due to Bitcoin halving—an event that happens roughly every four years and cuts mining rewards in half. The last halving happened in April 2024, and the next one is expected in 2028.
Bitcoin is not without risks. Cyberattacks like phishing, malware, and ransomware can steal your coins. Since Bitcoin transactions are irreversible and not protected by any government, users need to secure their wallets with strong passwords, two-factor authentication, and trusted software sources. Also, Bitcoin’s price is volatile, which can make investing risky.
In Conclusion:
Bitcoin has evolved into a major global financial asset. Whether you want to use it, invest in it, or simply understand it, learning about Bitcoin is crucial. While its future remains uncertain, its impact on the financial world is undeniable—and it's not going away anytime soon.
