Bitcoin

Definition of Bitcoin

Bitcoin refers to a decentralized digital cryptocurrency, created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto.

Operating on a peer-to-peer network known as blockchain, it enables secure and transparent transactions without the need for intermediaries like banks.

Bitcoin transactions are verified by a network of miners through complex cryptographic processes, ensuring the scarcity and integrity of the digital currency.

It has gained attention as a form of digital gold and a potential store of value, with its value subject to market demand and speculative dynamics.

What is Bitcoin?

Bitcoin is a revolutionary form of digital currency, often referred to as "digital gold," designed to operate without a central authority or government control.

It enables users to send and receive value over the internet directly, without intermediaries, offering potential advantages such as reduced transaction fees and enhanced privacy.

Bitcoin's underlying technology, blockchain, ensures transaction security and prevents double-spending. Its limited supply of 21 million coins and decentralized nature have led to its adoption as an investment asset and an exploration of its potential for transforming finance and other industries.