Crypto Basics
Bitcoin is a decentralized digital currency introduced in 2009 by an anonymous person or group known as Satoshi Nakamoto. It was created to allow peer-to-peer online payments without relying on traditional financial institutions.
Bitcoin operates on a blockchain, which is a distributed digital ledger that records every transaction across a network of computers. This system ensures transparency and security and prevents double-spending.
Unlike traditional currencies issued by governments, Bitcoin is not controlled by any central authority. Instead, transactions are verified by network participants through a process called Crypto mining.
Many people buy Bitcoin as an investment or use it for transferring funds across borders quickly and securely. Due to its limited supply of 21 million coins, Bitcoin is often referred to as “digital gold” in the Crypto market.
Today, Bitcoin remains the largest and most widely recognized cryptocurrency in the world.
