Bitcoin (BTC) stands as the pioneering decentralized digital currency, operating on a technology known as blockchain. This innovative system allows for peer-to-peer transactions without the need for traditional financial intermediaries. The concept, introduced in a 2008 white paper by the pseudonymous Satoshi Nakamoto, revolutionized the financial landscape.
Key features of Bitcoin include its decentralized nature, meaning no single entity controls it, and its finite supply, capped at 21 million coins. This scarcity contributes to its perceived value. Transactions are recorded on a public ledger, the blockchain, ensuring transparency and security. While its volatility has generated both excitement and skepticism, Bitcoin's influence on the development of cryptocurrencies and blockchain technology is undeniable. It has spurred the creation of countless alternative digital currencies and has driven innovation in financial technology.
