đȘ What is Bitcoin?
Bitcoin is digital money.
It's like regular money (dollars, euros, etc.), but it only exists online. You can't hold it in your hand, but you can use it to buy things, send it to people, or save itâjust like regular money.
đĄ Why is it special?
No banks needed
With Bitcoin, you donât need a bank or a company in the middle. You send it directly to someone else, kind of like handing them cashâjust digitally.
It's global
You can send Bitcoin to anyone in the world, anytime, and it usually takes just a few minutes.
Limited supply
There will only ever be 21 million Bitcoins. That makes it kind of like goldârare, and some people think that makes it valuable.
đ§ How does it work?
Imagine a notebook that everyone in the world can see. Every time someone sends Bitcoin to someone else, that notebook gets updated. This notebook is called the blockchain.
Everyone agrees on the same version.
No one can cheat because everyone is watching.
That way, even without a bank, people can trust the system.
đïž Who makes it run?
People called miners help keep the system going. They use computers to check transactions and make sure everything is fair. As a reward, they sometimes earn new Bitcoin.
đ€ Why do people use it?
Some use it to send money across borders.
Some see it as a new kind of investment.
Others like the idea of money that's not controlled by a government or bank.
Want a quick metaphor?
Bitcoin is like email for money.
Just like email let you send messages without a post office, Bitcoin lets you send money without a bank.
