Bitcoin (BTC) is the world's first decentralized digital currency that revolutionized the financial system. Bitcoin's inventor, Satoshi Nakamoto, published the concept in 2008, and in 2009 the first block of the network, known as the Genesis Block, was successfully mined.
Key features of Bitcoin:
1. Decentralization
Bitcoin works on the basis of blockchain technology, which allows transactions to be made without intermediaries such as banks or financial institutions. Each transaction is stored on a public network that is distributed among thousands of nodes around the world.
2. Limited emission
The total number of bitcoins is limited to 21 million. This makes it a deflationary asset, as new coins are gradually mined through the mining process, and the rate of issuance is constantly decreasing.
3. Security and anonymity
Transactions on the Bitcoin network are protected by cryptography. Although the transactions themselves are public, the personal data of the users is not disclosed.
How does Bitcoin work?
Bitcoin is based on the blockchain, a chain of blocks that stores records of all transactions. Users can send and receive BTC via