Bitcoin (BTC) – The Digital Gold

What is Bitcoin?

Bitcoin (BTC) is the first and most popular cryptocurrency, launched in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. It is a decentralized digital currency that operates on blockchain technology, allowing secure and transparent transactions without the need for a central authority like banks or governments.

How Bitcoin Works

Bitcoin runs on a blockchain, which is a distributed ledger recording all transactions. The network relies on miners who solve complex mathematical problems to validate transactions and secure the network, a process called proof-of-work (PoW). In return, miners receive newly minted BTC as a reward.

Key Features of Bitcoin

Decentralization – No central authority controls BTC.

Limited Supply – Only 21 million BTC will ever exist, making it a scarce asset.

Security – Uses cryptographic encryption to protect transactions.

Transparency – All transactions are recorded on the public blockchain.

Borderless Transactions – Bitcoin can be sent anywhere globally