Bitcoin is a decentralized digital currency that was invented in 2008 by an unknown person or group using the pseudonym Satoshi Nakamoto. It is based on a peer-to-peer network that allows users to send and receive payments without the need for a central authority, such as a bank or government.
Bitcoin operates on a technology called blockchain, which is a distributed ledger that records all transactions in a transparent and secure way. Every transaction on the Bitcoin network is verified by a network of users, called nodes, and recorded on the blockchain.
One of the unique features of Bitcoin is its limited supply. The maximum number of bitcoins that can be created is 21 million, and this limit is expected to be reached in the year 2140. This scarcity has contributed to Bitcoin's value as an investment asset, as well as its use as a medium of exchange.
Bitcoin has been subject to significant price volatility, with its value fluctuating wildly over the years. Nevertheless, it has gained widespread adoption as a means of payment and investment, with many merchants and businesses accepting it as payment for goods and services.
