Bitcoin - Page 2

Bitcoin is a decentralized digital currency, also known as a cryptocurrency, that was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. It allows for peer-to-peer transactions over the internet without the need for a central authority or intermediary, such as a bank. Transactions made with Bitcoin are recorded on a public ledger known as the blockchain, which is maintained by a network of nodes through a process called mining. Bitcoin's supply is capped at 21 million coins, making it a deflationary asset. It is often referred to as a store of value and is known for its volatility in price. Bitcoin is the first and most well-known cryptocurrency, paving the way for the creation of many other digital currencies.