Bitcoin is the first and most well-known cryptocurrency, created in 2009 by an unknown person or group using the name Satoshi Nakamoto.
Here’s a simple breakdown:
🔹 What It Is
A digital currency that works without a central bank or government.
Runs on blockchain technology, a public ledger where all transactions are recorded.
🔹 How It Works
People can send and receive Bitcoin peer-to-peer (directly, without banks).
Transactions are verified by a process called mining, where computers solve complex problems to secure the network.
The supply is limited to 21 million BTC, making it scarce like digital gold.
🔹 Why It’s Important
Seen as a store of value and hedge against inflation.
Widely used for payments, investment, and trading.
Inspired the creation of thousands of other cryptocurrencies.
👉 In short: Bitcoin = decentralized digital money, powered by blockchain, scarce in supply, and globally transferable.
#BitcoinBasics
Here’s a simple breakdown:
🔹 What It Is
A digital currency that works without a central bank or government.
Runs on blockchain technology, a public ledger where all transactions are recorded.
🔹 How It Works
People can send and receive Bitcoin peer-to-peer (directly, without banks).
Transactions are verified by a process called mining, where computers solve complex problems to secure the network.
The supply is limited to 21 million BTC, making it scarce like digital gold.
🔹 Why It’s Important
Seen as a store of value and hedge against inflation.
Widely used for payments, investment, and trading.
Inspired the creation of thousands of other cryptocurrencies.
👉 In short: Bitcoin = decentralized digital money, powered by blockchain, scarce in supply, and globally transferable.
#BitcoinBasics
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BTC
112,350.03
-1.66%