Bitcoin is a decentralized digital currency, created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. It operates on a peer-to-peer network, meaning transactions occur directly between users without the need for a central authority, like a bank. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public ledger called a blockchain. The supply of Bitcoin is limited to 21 million coins, making it deflationary in nature. Its value can be volatile, influenced by factors such as market demand, investor sentiment, regulatory developments, and technological advancements. Bitcoin has gained attention as both a speculative asset and a potential alternative to traditional fiat currencies.
Bitcoin is a decentralized digital currency, created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. It operates on a peer-to-peer network, meaning transactions occur directly between users without the need for a central authority, like a bank. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public ledger called a blockchain. The supply of Bitcoin is limited to 21 million coins, making it deflationary in nature. Its value can be volatile, influenced by factors such as market demand, investor sentiment, regulatory developments, and technological advancements. Bitcoin has gained attention as both a speculative asset and a potential alternative to traditional fiat currencies.