Bitcoin
An Overview of Bitcoin Bitcoin is the first and most well-known cryptocurrency, introduced in 2009 by an anonymous person or group of people under the pseudonym Satoshi Nakamoto . It revolutionized the financial world by introducing a decentralized digital currency that operates without a central authority like a bank or government. What is Bitcoin? Bitcoin is a form of digital money that allows peer-to-peer transactions over a decentralized network. Unlike traditional currencies issued by governments (like USD or EUR), Bitcoin is entirely virtual and exists only as entries in a public ledger called the blockchain . Key Characteristics of Bitcoin: Decentralized: Bitcoin operates on a distributed network of computers (nodes) worldwide. Limited Supply: Only 21 million bitcoins will ever exist, making it scarce and potentially valuable. Transparent: All transactions are recorded on a public blockchain, ensuring transparency and preventing fraud. ...