#BinanceEarnYieldArena
Bitcoin is a decentralized digital currency that operates without a central authority like a bank or government. It was created in 2009 by an anonymous person or group under the pseudonym Satoshi Nakamoto. Bitcoin transactions are recorded on a public ledger called the blockchain, ensuring transparency and security.
Key aspects of Bitcoin:
Decentralization: No single entity controls it.
Limited Supply: Only 21 million bitcoins will ever exist.
Mining: New bitcoins are created through a process called mining, which involves solving complex mathematical problems.
Volatility: Its price can fluctuate significantly.
Use Cases: Bitcoin is used for payments, investments, and as a store of value, often referred to as "digital gold."
