Key Features of Bitcoin

Decentralization: Unlike traditional currencies, Bitcoin is not controlled by any central authority, government or financial institution.

Blockchain Technology: Bitcoin transactions are recorded in a public ledger called Blockchain. This ensures transparency and security, as the blockchain is maintained by a network of nodes that validate and record every transaction.

Limited Supply: Bitcoin has a maximum supply of 21 million coins, making it inflationary. This limit is embedded in its protocol to prevent inflation.

Mining: New bitcoins are created through a process called mining, where powerful computers solve complex mathematical problems. Miners are rewarded with bitcoins for their efforts, which also secures the network.

Pseudonyms: Transactions are associated with addresses, not individuals, which provides a degree of privacy. However, transactions on the blockchain are publicly visible.

Security: Bitcoin uses strong cryptographic principles to secure transactions, making it highly resistant to fraud and hacking.