# Bitcoin: The Digital Revolution in Finance.

Bitcoin, often referred to as .digital gold, is a decentralized cryptocurrency that has revolutionized the financial world. Created in 2009 by an unknown person or group using the pseudonym .Satoshi Nakamoto. Bitcoin introduced a new way of conducting transactions without relying on banks or financial institutions.

#What is Bitcoin?

Bitcoin is a . peer-to-peer (P2P) digital currency. that allows users to send and receive payments without intermediaries. Unlike traditional currencies issued by governments (fiat money), Bitcoin operates on a 'decentralized network' called the blockchain. This technology ensures transparency, security, and immutability of transactions.

#How Does Bitcoin Work?

Bitcoin transactions are recorded on a public ledger: known as the blockchain. This ledger is maintained by a network of computers (nodes) that verify and validate transactions through a process called mining.