What is Bitcoin?
Bitcoin is a digital currency that was created in 2009 by
A person or group with the pseudonym "Satoshi Nakamoto" was introduced. Bitcoin is known as the first successful cryptocurrency and is based on blockchain technology.
Key points about Bitcoin:
1. **Digital Cryptocurrency:** Bitcoin is a cryptocurrency, that is, the information related to transactions are secured by digital encryption.
2. **Blockchain technology:** All Bitcoin transactions are recorded in a public list called Blockchain. This list is accessible to all Bitcoin users and ensures the security of transactions.
3. Mining: Bitcoin is produced by individuals or companies called "miners". By solving complex mathematical problems, they add transaction information to the blockchain and receive bitcoins as a reward.
4. **Maximum balance limit:** The number of bitcoins is limited and the maximum number is limited to 21 million units. This quantity restriction has affected the possibility of inflation and the supply of Bitcoin.
5. **Liquidity:** Bitcoin is accepted as a means of payment in many places and is exchanged in financial markets.
