Bitcoin (BTC) is a digital currency and decentralized payment system that allows peer-to-peer transactions without a central authority like a bank or government. It was created in 2009 by an anonymous person or group under the name Satoshi Nakamoto.
Key Features of Bitcoin:
✅ Decentralized: No single entity (like a bank) controls it.
✅ Limited Supply: Only 21 million Bitcoins will ever exist.
✅ Blockchain Technology: Transactions are recorded on a secure, public ledger called the blockchain.
✅ Secure & Anonymous: Uses cryptographic encryption for security.
✅ Fast & Borderless: Can be sent anywhere in the world without intermediaries.
How Bitcoin Works:
- Mining: New Bitcoins are created by solving complex mathematical problems using powerful computers.
- Transactions: Users send and receive BTC through digital wallets using unique addresses.
- Blockchain Ledger: Every transaction is verified and recorded on the blockchain by a network of computers.
How to Use Bitcoin:
- Buy & Sell on exchanges like Binance, Coinbase, or Kraken.
- Store in a wallet (hot wallet for quick access or cold wallet for security).
- Make Payments at businesses accepting Bitcoin.
- Invest & Trade as a digital asset.
Bitcoin is often called "digital gold" because it’s scarce and valuable.
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