Bitcoin

Bitcoin is a decentralized digital currency that operates without a central authority or single administrator. 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 transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. This technology ensures transparency and security, making it difficult to counterfeit or double-spend the currency.Bitcoin is often referred to as a cryptocurrency because it uses cryptographic principles to secure transactions and control the creation of new units. Unlike traditional currencies issued by governments, Bitcoin is limited in supply, with a maximum of 21 million bitcoins that can ever be mined. This scarcity, along with its decentralized nature, has led to its classification as both a digital currency and a store of value, akin to digital gold.Bitcoin has gained popularity as an investment asset and has sparked the development of thousands of other cryptocurrencies. Its value can be highly volatile, influenced by market demand, regulatory developments, and broader economic trends. Overall, Bitcoin represents a significant innovation in how people can conceive and use money in a digital age.