Bitcoin is a digital currency created in 2009 by an unknown person or group named Satoshi Nakamoto. This currency operates without a bank or government, meaning it is decentralized.
🔑 Key Points:
1. Blockchain Technology:
Bitcoin operates on a blockchain, which is a public ledger (record) where every transaction is securely recorded.
2. Limited Supply:
Only 21 million Bitcoins can ever be created. Therefore, it is scarce.
3. Mining:
New Bitcoins are generated through mining, where computers solve complex mathematical problems.
4. Use Cases:
Online shopping
Investment
Remittances
5. Price Volatility:
The price of Bitcoin fluctuates significantly, making it considered a risky investment as well.
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If you want to know how to buy Bitcoin, how to secure it, or how to get it for free, just let me know, and I can provide a detailed guide.