#CreatorPad What is Bitcoin?

Bitcoin is a decentralized, encrypted digital currency, not controlled by any government or bank.

It operates through a blockchain (distributed public ledger) that records all transactions and ensures their integrity using encryption.

Mining operations work on a proof-of-work (PoW) system, where computers solve complex mathematical problems to verify transactions ➜ miners receive rewards in the currency.

The maximum supply of Bitcoin is 21 million coins, adding an element of scarcity that contributes to its value.

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🧠 How to use Bitcoin?

1. It can be used for electronic payments directly between individuals.

2. It is used as an investment tool or as a "store of value" like gold.

3. It can also be traded or lent to earn interest—but it comes with high volatility risks.