What is Bitcoin? Introduction to Bitcoin
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What is Bitcoin? Introduction to Bitcoin Bitcoin is a type of digital currency, also known as a cryptocurrency, that operates independently of any central authority like a government or bank. It was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Here are some key aspects of Bitcoin: 1. **Decentralized**: Unlike traditional currencies, Bitcoin is decentralized. This means it’s not controlled by a central authority or government but operates on a peer-to-peer network. 2. **Blockchain Technology**: Bitcoin transactions are recorded on a public ledger known as the blockchain. This technology ensures transparency and security, as every transaction is visible and verified by network participants. 3. **Limited Supply**: There is a finite supply of Bitcoin, capped at 21...