Bitcoin is a cryptocurrency that was launched in 2009 by a person or group of people using the name “Satoshi Nakamoto.” Bitcoin is considered the first decentralized digital currency, as it is traded directly between users without intermediaries. Blockchain technology is adopted to ensure the security and transparency of transactions. Mining and keeping digital wallets is an essential part of using Bitcoin. Bitcoin's rising value has been attributed to several factors, including growing demand and a steady limit on its total supply.
Bitcoin is considered one of the most famous and preferred digital currencies currently, due to its status as a leading digital currency and the first digital currency launched. Traders' preference for Bitcoin is attributed to several factors, including its fast and secure transferability, and complete transparency of all transactions. This is also due to its ability to store value well and its price is stable compared to other currencies. Additionally, some investors point to Bitcoin as a safe haven during periods of financial market instability.
