#WhiteHouseCryptoSummit $BTC
Bitcoin (BTC) is a digital currency and the first cryptocurrency created using blockchain technology for Bitcoin transactions. Bitcoin began in 2009 as a decentralized form of money and transactional medium, like a new electronic cash system.
Bitcoin's primary purpose is to enable peer-to-peer transactions without relying on a central authority, eliminating the requirement for intermediaries like financial exchanges.
In the Bitcoin network, miners receive Bitcoin (BTC) rewards for validating transactions, and individuals can acquire Bitcoins through various exchange platforms. They mine Bitcoin with computing power.
Bitcoin is unlike any currency you may have used before. You can send it to anyone worldwide on the network and have complete control of your Bitcoin as you store your BTC assets in a digital Bitcoin wallet on your PC or mobile. Your assets are held safe in the Bitcoin ledger and can be accessed with a public-private key pair.
If you are a crypto beginner and want to learn more about Bitcoin, you may feel confused reading complex explanations about "what is Bitcoin?", how Bitcoin works, and how to do Bitcoin transactions.
Don't worry. We wrote this article to provide an in-depth overview of Bitcoin, the Bitcoin network, and Bitcoin mining. We will cut out the technical jargon and explain “What is Bitcoin?” in simple, easy-to-understand terms. You will learn how to buy Bitcoin and sell Bitcoin and understand the best Bitcoin exchanges that Bitcoin users recommend
