#NFPCryptoImpact

Bitcoin (BTC) is the first and most well-known cryptocurrency. It was created in 2008 by an anonymous individual or group of individuals under the pseudonym "Satoshi Nakamoto" and launched in 2009. Bitcoin operates on a decentralized, peer-to-peer network, meaning it is not controlled by any central authority like a government or financial institution.

Here are some key points about Bitcoin:

1. Blockchain Technology

Bitcoin transactions are recorded on a blockchain, which is a public ledger distributed across many computers (nodes) worldwide. This ensures transparency, security, and immutability.

2. Mining

New bitcoins are created through a process called "mining," which involves solving complex mathematical puzzles. Miners compete to solve these puzzles, and the first one to succeed gets rewarded with newly minted bitcoins and transaction fees.

3. Supply Limit

Bitcoin has a fixed supply of 21 million coins. This scarcity is built into its code to help prevent inflation over time, making it a deflationary asset.

4. Decentralization

Bitcoin's network operates without a central authority, relying on a distributed network of nodes that validate transactions. This decentralization is one of the core features that makes it resistant to censorship or control by any single entity.

5. Digital Gold

Many people consider Bitcoin to be a store of value, similar to gold, due to its limited supply and decentralized nature. It is often used as a hedge against inflation or economic instability.

6. Volatility

Bitcoin's price is known to be highly volatile. Its value can fluctuate dramatically over short periods, making it an attractive, though risky, investment.

7. Uses

Bitcoin can be used for various purposes, including:

Online Transactions: It can be used as a medium of exchange for goods and services at merchants that accept it.

Investment: Many people buy Bitcoin as an investment, hoping its price will increase over time.

Remittances: Bitcoin is sometimes used for sending money across borders, as it can be faster and cheaper than traditional