Bitcoin - Page 2

Bitcoin is a decentralized digital currency that enables peer-to-peer transactions over the internet without the need for intermediaries like banks. Introduced in 2009 by an anonymous entity known as Satoshi Nakamoto, Bitcoin operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers. This ensures transparency and security, as each transaction is verified by network participants (known as miners) through cryptographic techniques.Bitcoin can be used for various purposes, including online purchases, investment, and as an alternative to traditional currencies. Its supply is capped at 21 million coins, introducing scarcity into the system. The value of Bitcoin can be highly volatile, influenced by factors such as market demand, regulatory changes, and technological developments. As a form of digital asset, Bitcoin has gained significant attention and has sparked discussions about the future of money, financial systems, and investment opportunities in the context of global economics.