#USNationalDebt Bitcoin (BTC) is the pioneering decentralized digital currency, established in 2009 by the pseudonymous Satoshi Nakamoto. It operates on a peer-to-peer network, enabling transactions without intermediaries like banks. Bitcoin's limited supply of 21 million coins aims to create scarcity.

Transactions are recorded on a public, distributed ledger called the blockchain, secured by cryptography. Miners validate these transactions through a process called proof-of-work, contributing to the network's security. While initially envisioned as a medium for daily transactions, Bitcoin has largely evolved into a digital asset and store of value, experiencing significant price volatility.