WHAT IS BITCOIN ?
Bitcoin is a digital currency (or cryptocurrency) that operates without a central authority like a bank or government. It was invented in 2009 by an unknown person (or group) using the name Satoshi Nakamoto.
It’s:
✅ Decentralized — no single entity controls it.
✅ Limited in supply — only 21 million bitcoins will ever exist.
✅ Peer-to-peer — it allows people to send money directly to each other over the internet.
🔐 How Does Bitcoin Work?
Bitcoin runs on blockchain technology.
The blockchain is a public digital ledger that records all Bitcoin transactions. It's maintained by a distributed network of computers (called nodes).
💻 Miners use powerful computers to verify and group transactions into blocks.
⛏️ For their work, miners are rewarded with new bitcoins and transaction fees.
✅ Once added, a block can't be changed — this makes Bitcoin secure and transparent.
Bitcoin has become popular for:
🪙Saving value (like gold)
🪙International remittances
🪙Online payments
🪙Hedge against inflation
⚠️ Is Bitcoin Safe?
Bitcoin is technologically secure, but its price is very volatile. Like any investment, it carries risks. You should:
📌Use secure wallets (hardware wallets are safest).
📌Keep your private keys secret.
📌Start small and learn before investing heavily.
📊 Bitcoin Today (as of July 14, 2025)
💰 Price: Over $122,000.
🏛️ Adopted by companies, governments, and institutions.
🇸🇻 El Salvador uses Bitcoin as legal tender.
