What Is Bitcoin
What Is Bitcoin Bitcoin is a decentralized digital currency, often referred to as a cryptocurrency. It was invented in 2008 by an unknown person or group of people using the pseudonym Satoshi Nakamoto and was released as open-source software in 2009. Bitcoin is the first and most well-known cryptocurrency, and it serves as a foundation for the development of many other digital currencies. Here are some key characteristics of Bitcoin: Decentralization : Bitcoin operates on a decentralized network of computers, known as nodes, which collectively maintain a public ledger called the blockchain. This decentralized nature means that no single entity, government, or organization has control over the Bitcoin network. Limited Supply : One of the defining features of Bitcoin is its limited supply. There will on...
