bitcoin. crypto

1. Bitcoin, often referred to as the king of cryptocurrencies, is a decentralized digital currency that
operates on a peer-to-peer network without the need for intermediaries such as banks or
governments. It was introduced in 2008 by an anonymous person or group of people using the
pseudonym Satoshi Nakamoto, who outlined the concept in a whitepaper titled "Bitcoin: A
Peer-to-Peer Electronic Cash System." Bitcoin transactions are recorded on a public ledger
called the blockchain, which ensures transparency and immutability. Unlike traditional fiat
currencies, which are issued and regulated by central authorities, Bitcoin is created through a
process called mining, where participants use powerful computers to solve complex
mathematical puzzles and verify transactions. This process not only creates new bitcoins but
also secures the network against fraudulent activities. With its finite supply capped at 21 million
coins, Bitcoin is often seen as a hedge against inflation and a store of value akin to digital gold.
Its decentralized nature, limited supply, and growing adoption have propelled Bitcoin to become
one of the most valuable assets in the world, with a vibrant ecosystem of users, developers, and
businesses contributing to its ongoing success.