Bitcoin is a digital currency that was created in 2009 by a person or group using the pseudonym Satoshi Nakamoto. Unlike traditional currencies, it is not issued by a central bank but operates on a decentralized network called blockchain. This technology ensures transparency and prevents fraud, as every transaction is recorded in a distributed database and cannot be changed retroactively.
Bitcoin can be acquired in two ways – by purchasing through cryptocurrency exchanges or by mining, which is a process where computers solve complex mathematical problems and verify transactions. The reward for mining is newly created bitcoin.
One of the main benefits of Bitcoin is freedom – it allows for fast and inexpensive international payments without the need for intermediaries. On the other hand, it is known for its high volatility, meaning its value can rapidly rise and fall.
Bitcoin is often referred to as 'digital gold' because it serves as a store of value. An increasing number of businesses and individuals accept it as a means of payment. However, it is important to be aware of the risks associated with investing and to secure your digital wallet against potential theft.#BTC #bitcoin #binancelearntoearn $BTC