Bitcoin

Bitcoin is a decentralized digital currency that enables peer-to-peer transactions over the internet without the need for a central authority or intermediary, such as a bank. It was created in 2009 by an anonymous person or group known as Satoshi Nakamoto. Bitcoin transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers known as miners.

Bitcoin is distinguished by its limited supply, capped at 21 million coins, which contributes to its value and potential as a store of value. It utilizes cryptographic techniques to secure transactions and control the creation of new units. Bitcoin can be used for various purposes, including online payments, investment, and remittances.

Due to its revolutionary technology and potential impacts on finance, Bitcoin is often referred to as the first cryptocurrency and has paved the way for thousands of other digital currencies. Its price can be highly volatile, reflecting changes in market demand, regulatory developments, and adoption by businesses and consumers.