💰✨Fundamental Concepts of Bitcoin✨💰
The main concepts of Bitcoin $BTC include:
1. Decentralization: Works without a central authority, allowing universal participation in the network.
2. Blockchain: A distributed public record of transactions, secure and immutable.
3. Mining: Process of validating transactions and issuing new bitcoins, rewarding miners.
4. Proof of Work (PoW): Consensus mechanism that secures the network against attacks, requiring computational work.
5. Supply Limitation: With a limit of 21 million units, Bitcoin is a deflationary asset.
6. P2P Transactions: Allows direct transactions between users, facilitating the transfer of value globally.
7. Security: Uses public key encryption, protecting against fraud and attacks.
8. Anonymity and Transparency: Offers public transactions while maintaining the anonymity of users through addresses, although it is pseudonymous.
These aspects underpin Bitcoin $BTC as a technological and financial innovation, highlighting its security, efficiency and disruptive potential in the global financial system.
