Bitcoin is a digital currency (or cryptocurrency) that operates without a central authority like a bank or government. It was introduced in 2009 by an anonymous person or group using the name Satoshi Nakamoto.
Here are the key features of Bitcoin:
Decentralized: It runs on a peer-to-peer network, meaning no single institution controls it.
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 deflationary.
Digital Ownership: Users store their bitcoins in digital wallets and use cryptographic keys to transfer or receive them.
Mining: New bitcoins are created through a process called mining, where computers solve complex mathematical problems.
Bitcoin is often seen as both a currency and a store of value, similar to digital gold. Let me know if you want to explore how it works, how to invest in it, or how it compares to other cryptocurrencies.$BTC
