#Write2Earn Bitcoin is a digital or virtual currency that operates on a decentralized peer-to-peer network known as the blockchain. It was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin is often referred to as a cryptocurrency because it uses cryptographic techniques to secure transactions and control the creation of new units.
Unlike traditional currencies issued by governments (such as the US dollar or the euro), Bitcoin is not controlled by any central authority or government. Instead, it relies on a distributed network of computers (nodes) to validate and record transactions on the blockchain.
One of the key features of Bitcoin is its limited supply. There will only ever be 21 million bitcoins in existence, making it a deflationary asset. Bitcoin can be used for various purposes, including online purchases, investment, remittances, and as a store of value.
The value of Bitcoin is determined by supply and demand dynamics in the market, and its price can be highly volatile. Over the years, Bitcoin has gained significant attention and adoption, with many investors and institutions viewing it as a hedge against inflation and a digital alternative to gold.
