Bitcoin

Bitcoin is a decentralized digital currency that was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. It operates on a peer-to-peer network and allows users to send and receive payments without the need for a central authority or intermediary, such as a bank. Transactions are recorded on a public ledger known as the blockchain, which ensures transparency and security. Bitcoin is characterized by its limited supply, capped at 21 million coins, which creates scarcity. It uses cryptographic techniques to secure transactions and control the creation of new units. As a form of cryptocurrency, Bitcoin can be used for a variety of purposes, including online purchases, investment, and as a store of value. Its popularity has led to significant price fluctuations and has influenced the development of thousands of other cryptocurrencies.