Bitcoin
What is Bitcoin?
Bitcoin is a decentralized digital currency introduced in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. It operates on a blockchain, enabling secure and transparent transactions without the need for intermediaries. Bitcoin has a fixed supply of 21 million coins, which makes it a deflationary asset. Its decentralized nature ensures that no single entity controls the network, making it resistant to censorship and centralization.
Bitcoin's Key Features:
- Decentralized Peer-to-Peer Network
- Blockchain Technology for Transparent Transactions
- Limited Supply: Maximum 21 Million Coins
- Security through Cryptography
- Global Accessibility and Borderless Transactions
Bitcoin's Use Cases:
Bitcoin is used as a digital currency for online transactions, remittances, and as a store of value. It has sparked the development of a broader ecosystem of cryptocurrencies and blockchain-based applications. Additionally, it is used for speculative investment, hedging against inflation, and as a means of transferring wealth across borders without the need for traditional financial institutions.
