Bitcoin is a decentralized digital currency, often referred to as a cryptocurrency, that was invented in 2008 by an unknown person or group using the pseudonym Satoshi Nakamoto. It was released as open-source software in 2009.
Key Features of Bitcoin:
Decentralized: Bitcoin operates without a central authority like a bank or government.
Blockchain: Transactions are recorded on a public ledger called the blockchain, which ensures transparency and security.
Limited Supply: There will only ever be 21 million bitcoins, making it a deflationary asset.
Mining: New bitcoins are created through a process called mining, where powerful computers solve complex math problems to validate transactions.
Pseudonymous: Transactions are tied to wallet addresses, not personal identities, offering a degree of privacy.
Uses of Bitcoin:
Digital payments without intermediaries
Store of value, often called "digital gold"
Speculative investment, due to its price volatility
Pros:
Low transaction fees (especially for large international transfers)
Resistant to censorship
Transparent and verifiable transactions
Cons:
Price volatility
Limited merchant adoption
Environmental concerns related to mining energy use
If you'd like, I can explain how to buy Bitcoin, store it securely, or how it compares to other cryptocurrencies like Ethereum.
#PiCoreTeam #TradeLessons #LaunchpadWars #StrategyTrade #TrumpTariffs
