What is Bitcoin?
Bitcoin is a decentralized cryptocurrency created in 2009 by a person or group under the pseudonym Satoshi Nakamoto. It is the first and most well-known cryptocurrency in the world.
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🔹 Key Features
Decentralized: It is not controlled by any government or central bank.
Transparent: All transactions are recorded in a public database called blockchain.
Limited: There will only be 21 million bitcoins.
Divisible: It can be divided into 100 million parts (each part is called a satoshi).
Secure: It uses advanced cryptography to prevent counterfeiting or duplication.
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🔹 What is it used for?
Fast global money transfers with low fees.
Investment or store of value (similar to digital gold).
Payments at some merchants that accept cryptocurrencies.
Basis for other blockchain projects.
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🔹 Advantages
Does not rely on intermediaries.
Protection against inflation (due to its limited supply).
Easy to store in digital wallets.
Can be sent anywhere in the world in minutes.
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🔹 Risks
High volatility: Its price can rise or fall quickly.
Theft of private keys if not properly protected.
Can be used in illegal activities (due to its privacy).
Risk of total loss if the key is forgotten or the wallet is lost.
