#MarketRebound $BTC
Bitcoin is a type of digital currency, also known as cryptocurrency, created in 2009 by an unknown person using the name Satoshi Nakamoto. Unlike traditional currencies like the dollar or euro, Bitcoin is decentralized—meaning no government or central bank controls it. Instead, it operates on a peer-to-peer network using blockchain technology.
A blockchain is a public, digital ledger that records every Bitcoin transaction. This ensures transparency and security. Users can send or receive Bitcoin through digital wallets, which are protected by private keys and passwords. Transactions are verified by network nodes through cryptography and recorded in the blockchain.One of Bitcoin’s biggest appeals is that it's not tied to any government or financial institution, making it immune to inflation and political interference. It's also popular for its potential to offer fast, low-cost international transfers.
However, Bitcoin is also known for its volatility. Its price can rise or fall dramatically in short periods. While some view it as "digital gold" and a long-term store of value, others see it as a speculative investment.
As Bitcoin becomes more accepted by businesses and investors worldwide, it continues to shape the future of money and financial systems.