Bitcoin

Bitcoin is a type of digital currency, often referred to as cryptocurrency, that operates on a decentralised network using blockchain technology. It was invented in 2008 by an individual or group of individuals under the pseudonym Satoshi Nakamoto and was released as open-source software in 2009. Unlike traditional currencies issued by central banks, Bitcoin is not controlled by any central authority or government. Transactions are verified by network nodes through cryptography and recorded on a public ledger called the blockchain. Bitcoin can be used for various purposes, including online purchases and investment, and it is known for its volatility and potential for high returns. It has gained widespread recognition and adoption since its creation, influencing the development of many other cryptocurrencies.