Bitcoin is a decentralized digital currency, created in 2008 by a person or group of people using the pseudonym Satoshi Nakamoto. It relies on blockchain technology to securely and transparently record transactions.
*Features of Bitcoin:*
- *Decentralization*: Bitcoin is not controlled by any central authority or government.
- *Security*: The Bitcoin network is protected by cryptographic algorithms and blockchain technology.
- *Limited supply*: The total supply of Bitcoin is 21 million units.
- *Transparency*: All transactions are publicly recorded and can be traced.
*Uses of Bitcoin:*
- *Online payments*: Bitcoin can be used to make online payments without the need for financial intermediaries.
- *Investment*: Bitcoin is a popular investment, as it can be bought and stored as a digital currency.
- *Trading*: Bitcoin is traded