#CryptoIntegration Bitcoin (BTC) is a decentralized digital currency, also known as a cryptocurrency. It was created in 2009 by an anonymous entity known as Satoshi Nakamoto.
Here are some key characteristics of Bitcoin:
Decentralization: Unlike traditional currencies controlled by central banks or governments, Bitcoin operates on a peer-to-peer network. This means that transactions are sent directly between users without the need for an intermediary like a bank.
Blockchain Technology: Bitcoin transactions are recorded on a public, distributed ledger called a blockchain. This ledger is maintained by a network of computers (nodes) and is secured by cryptography, making it difficult to alter or manipulate.
Limited Supply: There is a finite supply of 21 million bitcoins that can ever be created. This scarcity is a key feature that many believe contributes to its value as a potential store of wealth.
Mining: New bitcoins are introduced into circulation through a process called "mining." Miners use powerful computers to solve complex mathematical problems to verify and add new blocks of transactions to the blockchain. As a reward for their work, they receive newly minted bitcoins.
