Bitcoin is a decentralized digital currency, invented in 2008 by an anonymous person or group of people under the name "Satoshi Nakamoto". Bitcoin is the world's first cryptocurrency, and it uses blockchain technology to record transactions.

What is Bitcoin?

Bitcoin is a digital currency that can be used to conduct transactions over the Internet. Unlike traditional currencies such as the dollar or the euro, Bitcoin has no physical presence and is not issued by any government or central bank. Bitcoin is traded between users over the Internet without the need for intermediaries such as banks.

How does Bitcoin work?

1. Decentralization: Bitcoin is not controlled by any government entity or institution. Instead, the system operates across a distributed network of computers around the world called "Nodes".

2. Blockchain: All Bitcoin transactions are recorded on a public database called the blockchain. Each transaction is verified and added to a public ledger after being approved by the network participants.

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