#NFPCryptoImpact

Bitcoin: The Leading Cryptocurrency

What is Bitcoin?

Bitcoin is the first cryptocurrency created in 2009. It operates on a decentralized system, meaning it is not controlled by any government or central bank. Instead, the Bitcoin network is controlled by a wide range of users around the world.

Blockchain Concept:

Bitcoin relies on a technology called “blockchain,” which is a secure and immutable digital record of all transactions. These records are stored on computers connected to the Bitcoin network. Each block in the chain contains a set of transactions, and they are linked to the previous block using encryption. This makes it extremely difficult to modify the data in any block, ensuring the security of transactions.