$BTC What is Bitcoin? A Beginner's Guide
Bitcoin is a digital currency, also known as cryptocurrency, that allows people to send and receive money over the internet without relying on banks or governments. Created in 2009 by an anonymous person (or group) using the name Satoshi Nakamoto, Bitcoin has grown into one of the most recognized and valuable cryptocurrencies in the world.
*How Does Bitcoin Work?*
Bitcoin operates on a technology called *blockchain* — a decentralized public ledger that records all transactions. Instead of being controlled by a central authority, Bitcoin is maintained by a network of computers called *nodes*. These nodes validate and store transactions, making the system transparent and secure.
*Key Features of Bitcoin:*
- *Decentralized*: No single authority controls it.
- *Limited Supply*: Only 21 million Bitcoins will ever exist.
- *Pseudonymous*: Users can send/receive Bitcoin without revealing their real identity.
- *Global*: Can be sent anywhere in the world quickly and with low fees.
