Bitcoin is the first decentralized digital currency in the world, launched in 2009 by a person or group under the pseudonym “Satoshi Nakamoto.” Bitcoin was designed to be a digital alternative to traditional money and can be used to send money from one person to another without the need for a third party like a bank.
Features of Bitcoin:
• Store of value: often referred to as “digital gold” because it is used as a tool for preserving wealth.
• Limited supply: the number of bitcoins that can be mined is only 21 million.
• High security: relies on a strong encryption system that makes it one of the most difficult currencies to manipulate.