$BTC
Bitcoin is considered one of the most important financial innovations in the digital age, having first appeared in 2009 by an unknown person known as "Satoshi Nakamoto." It is a cryptocurrency with no physical existence, meaning it is not paper or coin currency, but is traded electronically over the internet.
How does Bitcoin work?
Bitcoin operates through a technology known as blockchain, which is a massive digital ledger that records all transactions made using this currency. Bitcoin is "mined" through complex computing processes that use powerful computers to solve mathematical problems, and the devices that solve these problems are rewarded with Bitcoin.
Advantages of Bitcoin:
1. Decentralization: It is not controlled by governments or central banks.
2. Privacy: It provides a degree of privacy for users, as personal data is not required when conducting transactions.
3. Speed: Financial transfers can be made quickly across borders without the need for an intermediary.
4. Low Fees: Compared to traditional bank transfers.
Disadvantages of Bitcoin:
High price volatility: Its value can rise or fall significantly in a short period.
