What Is Bitcoin?

Bitcoin is the world’s first and most popular cryptocurrency, created in 2009 by an anonymous person or group known as Satoshi Nakamoto. It is a digital form of money that allows people to send and receive payments directly over the internet without needing banks or middlemen.

Bitcoin runs on a technology called blockchain, which is a public and secure digital ledger that records every transaction. This makes Bitcoin transparent, secure, and hard to manipulate. Instead of being controlled by a government or company, Bitcoin is decentralized, meaning it is maintained by a global network of computers.

One of Bitcoin’s key features is its limited supply — only 21 million bitcoins will ever exist. Because of this, many people see Bitcoin as digital gold and use it as a long-term store of value as well as a way to transfer money globally with low fees.

Today, Bitcoin is used for online payments, investments, remittances, and trading, and it plays a major role in the global crypto market.

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