What is Bitcoin?

Bitcoin is a decentralized digital currency created in 2009 by an anonymous person (or group) using the pseudonym Satoshi Nakamoto. It operates without a central authority or banks, instead relying on a peer-to-peer network and cryptographic proof.

Key Features

Decentralization

Unlike traditional currencies controlled by governments and banks, Bitcoin operates on a distributed network of computers worldwide.

Limited Supply

Only 21 million Bitcoin will ever exist, making it scarce like gold. This scarcity is built into the protocol.

Transparency

All Bitcoin transactions are recorded on a public ledger called the blockchain, visible to everyone.

Security

Bitcoin uses advanced cryptography to secure transactions and control the creation of new units.

How Bitcoin Works

When you send Bitcoin, the transaction is broadcast to the network and verified by miners - computers solving complex mathematical problems. Once verified, the transaction is added to the blockchain permanently.

Why Bitcoin Matters

• Financial Freedom: Send money anywhere without intermediaries
• Store of Value: Many view Bitcoin as "digital gold"
• Inflation Hedge: Fixed supply protects against currency devaluation
• Financial Inclusion: Banking for the unbanked

Getting Started

1. Choose a reputable exchange (Coinbase, Kraken, Binance)
2. Complete identity verification (KYC)
3. Fund your account via bank transfer or card
4. Buy your first Bitcoin
5. Transfer to a secure wallet for long-term storage

Bitcoin represents a paradigm shift in how we think about money and value transfer in the digital age.