What is Bitcoin?
Bitcoin is a digital or virtual currency that uses cryptography for security and operates on a decentralized network called blockchain. It was invented in 2008 by an unknown person or group of people using the pseudonym Satoshi Nakamoto and released as open-source software in 2009. Bitcoin transactions are recorded on a public ledger called a blockchain, and new bitcoins are created through a process called mining, where participants use powerful computers to solve complex mathematical puzzles. Bitcoin can be used for various purposes, including online purchases, investment, and as a store of value. Its decentralized nature means it is not controlled by any single authority, like a government or financial institution.
Last Haveling
The last Bitcoin halving occurred on May 11, 2020. During this event, the block reward for miners was reduced from 12.5 BTC to 6.25 BTC. It's an important event in Bitcoin's protocol that happens roughly every four years to control the supply of new coins.
