What is Bitcoin?
Bitcoin (BTC) is the world's first decentralized digital currency, created in 2009 by an anonymous individual or group known as Satoshi Nakamoto. It operates on blockchain technology, which is a decentralized, immutable ledger that records all Bitcoin transactions.
---
Key Features of Bitcoin:
1. Decentralization
Bitcoin is not controlled by any government, central bank, or organization.
Transactions are verified by a global network of computers (miners).
2. Limited Supply
The total supply of Bitcoin is capped at 21 million coins, making it a deflationary asset.
3. Blockchain Technology
Bitcoin transactions are recorded on a public ledger called the blockchain, which ensures transparency and security.
4. Peer-to-Peer Transactions
Bitcoin allows direct transfers between users without intermediaries like banks.
5. Security
Bitcoin uses cryptographic techniques to secure transactions and wallets.
---
How Bitcoin Works:
1. Transactions
Users send Bitcoin from one wallet to another using unique cryptographic addresses.
2. Mining
Miners validate transactions and add them to the blockchain by solving complex mathematical puzzles. They are rewarded with new Bitcoin (block rewards).
3. Proof-of-Work (PoW)
Bitcoin operates on a Proof-of-Work consensus mechanism, which ensures the security and integrity of the network.
---
Advantages of Bitcoin:
1. Decentralized and Censorship-Resistant
No government or organization can freeze or control Bitcoin transactions.
2. Borderless Payments
Bitcoin enables fast, low-cost international transfers.
3. **
