Bitcoin is a digital currency that operates on a decentralized system, meaning it's not controlled by a central authority like a government or bank. Instead, Bitcoin transactions are verified and recorded on a public ledger called the blockchain, which is maintained by a network of computers around the world. Bitcoin can be used to buy goods and services or traded on cryptocurrency exchanges, and its value can be volatile. Some people see Bitcoin as a potential alternative to traditional currencies or a store of value, while others remain skeptical due to concerns about its lack of regulation and its association with illegal activities on the dark web.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!