#USElectronicsTariffs Bitcoin is a digital payment system that does not rely on banks or governments. Anyone in the world can send and receive Bitcoin without the need for an intermediary.

2. How does it work?

Bitcoin is stored in a digital wallet.

All transactions are recorded on a public ledger known as the blockchain.

Encryption is used to ensure the security of transactions.

3. What is meant by blockchain?

It is a distributed electronic record that contains all transactions made using Bitcoin. Each group of transactions is stored in a "block", and each block is linked to the one before it, forming a chain of "blocks".

4. How is Bitcoin created?

Through a process called mining, which involves using computers to solve complex mathematical equations. As a reward, the miner receives Bitcoin.

5. Is it safe?

Yes, in terms of encryption. But there are risks such as:

Price volatility.

Fraud or theft if the wallet is not secured properly.