Bitcoin - Page 6
Bitcoin is a decentralized digital currency that enables peer-to-peer transactions over the internet without the need for an intermediary, such as a bank or government. It was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers. Each transaction is verified by network nodes through cryptography and added to the blockchain in a chronological order, securing all transaction data.Bitcoin is limited in supply, with a maximum of 21 million coins that can ever be mined, which introduces scarcity to its value. Users can acquire Bitcoin through mining, purchasing on exchanges, or receiving it as payment for goods and services. Unlike traditional currencies, Bitcoin is not issued or regulated by any central authority, making it immune to government interference or manipulation. Due to its decentralized nature, Bitcoin has gained popularity as an investment asset and a store of value, often referred to as "digital gold." However, it is also known for its price volatility and has been subject to regulatory scrutiny in various jurisdictions since its inception.
