Bitcoin is a digital currency used online, not controlled by banks or governments.
It works on blockchain, a public record of transactions, and only 21 million Bitcoins can ever be made, making it rare.
Its value can go up and down a lot, so it’s risky but some see it as the future of money.
Some worry it harms the environment because mining uses lots of electricity.
What is Bitcoin?
Bitcoin is a cryptocurrency, meaning it’s digital money that exists only online. It was created in 2009 and can be used to buy things on the internet, like on Microsoft or Twitch.
How Does It Work?
Bitcoin uses blockchain, like a digital notebook that records all transactions and can’t be changed. It’s not run by banks or governments, so you can send it directly to someone, like sending an email.
Why Is It Special?
Bitcoin is special because only 21 million will ever exist, making it rare like a collectible card. It can be used anywhere in the world, and places like El Salvador accept it as official money.
Fun Facts:
The first Bitcoin purchase was two pizzas for 10,000 Bitcoins, now worth millions!
Its creator, Satoshi Nakamoto, is a mystery—no one knows who they are.
Some Bitcoins are lost forever because people forgot their passwords.
