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#BTC 🔹 What do we know about Bitcoin? 🔹 What is Bitcoin? Bitcoin is the first decentralized digital currency (cryptocurrency), created in 2009. It is not controlled by any central bank, government, or company. 🔹 Who created it? Bitcoin was created by Satoshi Nakamoto, a pseudonym. To this day, we don’t know who this person or group really is. 🔹 How does it work? It is based on blockchain technology – a public and immutable ledger of transactions Transactions are verified by miners using powerful computers The system uses Proof of Work 🔹 How many Bitcoins exist? Maximum supply: 21 million BTC New Bitcoins are created through mining Approximately every 4 years, a halving occurs (the mining reward is cut in half) 🔹 What is Bitcoin used for? Storing value (“digital gold”) Sending money without intermediaries Investment and speculation Payments (less common due to slower and more expensive transactions) 🔹 Advantages ✔ Independent from banks ✔ Limited supply (cannot be printed) ✔ Resistant to censorship ✔ Transparent 🔹 Disadvantages ❌ High price volatility ❌ Slow transactions during network congestion ❌ High energy consumption (mining) ❌ Transactions cannot be reversed 🔹 Is Bitcoin legal? Legal in most countries, but regulated. 🔹 What don’t we know? Who Satoshi Nakamoto really is Whether Bitcoin will become global money or remain “digital gold”
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#BTC 🔹 What do we know about Bitcoin? 🔹 What is Bitcoin? Bitcoin is the first decentralized digital currency (cryptocurrency), created in 2009. It is not controlled by any central bank, government, or company. 🔹 Who created it? Bitcoin was created by Satoshi Nakamoto, a pseudonym. To this day, we don’t know who this person or group really is. 🔹 How does it work? It is based on blockchain technology – a public and immutable ledger of transactions Transactions are verified by miners using powerful computers The system uses Proof of Work 🔹 How many Bitcoins exist? Maximum supply: 21 million BTC New Bitcoins are created through mining Approximately every 4 years, a halving occurs (the mining reward is cut in half) 🔹 What is Bitcoin used for? Storing value (“digital gold”) Sending money without intermediaries Investment and speculation Payments (less common due to slower and more expensive transactions) 🔹 Advantages ✔ Independent from banks ✔ Limited supply (cannot be printed) ✔ Resistant to censorship ✔ Transparent 🔹 Disadvantages ❌ High price volatility ❌ Slow transactions during network congestion ❌ High energy consumption (mining) ❌ Transactions cannot be reversed 🔹 Is Bitcoin legal? Legal in most countries.
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