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💰 What is Bitcoin (BTC)?
Bitcoin is the world’s first and most popular cryptocurrency.
It was created in 2009 by a mysterious person or group using the name Satoshi Nakamoto.
Bitcoin is:
Decentralized (not controlled by any government or bank)
Digital (exists only online)
Limited (only 21 million BTC will ever exist)
⚙️ How Does Bitcoin Work?
Bitcoin runs on a technology called blockchain, which is like a public digital ledger. Here's how it works:
People send and receive BTC (like digital cash)
These transactions are verified by miners
Verified transactions are added to the blockchain
Miners are rewarded with new BTC for their work
No middleman (like a bank) is involved.
📈 Why Is Bitcoin Valuable?
Limited supply (scarcity = value)
Global usage for payments or investment
Store of value like digital gold
High security and transparency
📉 Risks of Bitcoin:
Price is very volatile
Not accepted everywhere
Can be affected by regulations
Lost wallets = lost BTC (no recovery)
🧠 Current Uses of Bitcoin:
Investment (people hold BTC to grow value)
Trading (buy low, sell high)
Payments (some businesses accept BTC)
Remittances (sending money internationally)