#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!$ETH Bitcoin is a decentralized digital currency that operates on a peer-to-peer network, eliminating the need for intermediaries like banks or governments. Created in 2009 by an anonymous entity known as Satoshi Nakamoto, Bitcoin relies on blockchain technology, a distributed ledger that records all transactions securely and transparently. The currency is powered by a process called mining, where participants use computational power to solve complex mathematical problems, validating transactions and securing the network. Bitcoin has a fixed supply of 21 million coins, making it deflationary and appealing to those seeking a hedge against inflation. Its value has fluctuated dramatically, drawing interest from investors, tech enthusiasts, and critics alike, and it continues to shape conversations around the future of money and digital assets.