Bitcoin, the first decentralized cryptocurrency in the world, revolutionized the financial landscape since its creation in 2009 by an individual or group under the pseudonym Satoshi Nakamoto. Unlike traditional currencies issued by governments, Bitcoin operates on a decentralized network known as blockchain, which means it is not controlled by any central authority.
Key features:
* Decentralization: Bitcoin operates on a peer-to-peer network, eliminating the need for intermediaries like banks or financial institutions.
* Limited supply: Only 21 million bitcoins will ever be created, giving it a deflationary quality.
* Transparency: All Bitcoin transactions are recorded on the blockchain, a public and transparent ledger.
Security: Advanced cryptography protects the Bitcoin network from attacks and fraud.
