Bitcoin is the first and most well-known cryptocurrency in the world, created in 2009 by a person (or group) under the pseudonym Satoshi Nakamoto. It is a decentralized digital currency, meaning it is not controlled by any government or central bank. Transactions are verified by a global network of computers through blockchain technology — a public, transparent, and immutable ledger.
Bitcoin was created as an alternative to the traditional financial system, with the aim of enabling direct payments between people (peer-to-peer), in a secure, fast manner with less interference from intermediaries. Its supply is limited to 21 million units, which helps control inflation and makes the asset scarce.
Bitcoin was created as an alternative to the traditional financial system, with the aim of enabling direct payments between people (peer-to-peer), in a secure, fast manner with less interference from intermediaries. Its supply is limited to 21 million units, which helps control inflation and makes the asset scarce.