): Is a decentralized digital currency that allows for peer-to-peer transactions through a Blockchain without the need for intermediaries like banks. It was created in 2009 by an anonymous individual or group using the name Satoshi Nakamoto.
Here are some key characteristics of Bitcoin:
1. Decentralized: Bitcoin operates on a decentralized network of computers, rather than a central authority.
2. Digital: Bitcoin exists only in digital form, with no physical coins or bills.
3. Limited supply: The total supply of Bitcoin is capped at 21 million. And there will never be any other minting making it a deflationary and scarce asset.
4. Fast and global: Bitcoin transactions are processed quickly, regardless of the sender's and recipient's locations.
5. Secure: Bitcoin transactions are secured through cryptography and a consensus mechanism called proof-of-work.
6. Open-source: Bitcoin's underlying code is open-source, allowing developers to review and contribute to it.
Bitcoin can be used for:
1. Payments: Bitcoin can be used to purchase goods and services from merchants who accept it.
2. Investments: Bitcoin can be bought and held as an investment, similar to stocks or commodities.
3. Remittances: Bitcoin can be used to send money across borders, often with lower fees and faster processing times than traditional methods.
#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #Write2Earn! $ETH $BNB
