Bitcoin is the first decentralized digital currency created in 2009 by a person (or group) using the pseudonym Satoshi Nakamoto. Bitcoin is an electronic cash system that operates without the need for a central bank or intermediary.

Key information about Bitcoin:

🔹 How does it work?

It relies on blockchain technology, which is a distributed digital ledger that records all transactions.

Transactions are confirmed through a process called mining, which involves solving complex mathematical problems using computers.

🔹 Its features:

Decentralized: It is not subject to any government or central bank.

Transparent: Anyone can view all transactions on the network.

Difficult to counterfeit: Due to strong encryption and distribution across thousands of devices worldwide.

Limited supply: No more than 21 million Bitcoins will ever be issued, making it resistant to inflation.

🔹 Its uses:

Investment and speculation.

Purchasing from some stores that accept Bitcoin.

Transferring money globally without the need for banks.

🔹 Risks:

Price volatility: Its value can rise or fall rapidly.

Hacking and theft: Digital wallets are vulnerable to hacking if not well protected.

Illegal in some countries: Some governments prohibit or restrict its use.

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If you would like more detailed information such as:

How to buy Bitcoin?

What is the difference between it and other cryptocurrencies?