Bitcoin, the pioneering cryptocurrency, has revolutionized the financial landscape since its inception in 2009. Created by an anonymous individual or group known as Satoshi Nakamoto, Bitcoin operates on a decentralized network, utilizing blockchain technology to facilitate secure transactions without the need for intermediaries like banks.
At its core, Bitcoin is digital cash, allowing users to send and receive funds globally with relative ease and anonymity. Transactions are recorded on a public ledger, known as the blockchain, which is maintained by a network of computers (miners) worldwide. These miners validate transactions and secure the network through cryptographic algorithms, ensuring the integrity and security of the system.
