Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions without intermediaries ¹ ² ³.:
- It was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto.
- It is based on a decentralized, peer-to-peer network and blockchain technology.
- Transactions are secure, transparent, and anonymous.
- The total supply of bitcoin is limited to 21 million.
- New coins are created through mining, which involves solving complex mathematical problems.
- The reward for mining is halved every four years to maintain the currency's value.
- Bitcoin can be divided into smaller units called satoshis, equivalent to 0.00000001 bitcoin.
- It is open-source, and its design is public, allowing for anyone to participate and contribute to its development.
- Bitcoin has inspired a new industry and a global community, making it the first-ever cryptocurrency to come into actual use.