Bitcoin (BTC) is a form of digital currency that was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. It operates on a decentralized network called blockchain, which securely records all transactions made with Bitcoin.
One of the key features of Bitcoin is its limited supply – there will only ever be 21 million Bitcoins in existence. This scarcity is designed to give Bitcoin value over time, similar to a precious metal like gold.
Bitcoin can be bought, sold, and traded on various online platforms called exchanges. It can also be used to make purchases from a growing number of merchants who accept it as a form of payment.
As a digital currency, Bitcoin allows for fast and low-cost transactions, regardless of geographical location. Transactions are verified by network nodes through cryptography and recorded on the blockchain, ensuring security and transparency.
Overall, Bitcoin has gained popularity as a potential alternative to traditional fiat currencies due to its decentralized nature, limited supply, and the potential for financial independence from traditional banking systems.
