Bitcoin is a decentralized digital currency that operates without a central authority or government. It was introduced in 2009 and uses blockchain technology to securely record and verify transactions across a distributed network of computers. Bitcoin allows peer-to-peer transfers of value without relying on intermediaries such as banks.
Bitcoin is created through a process called mining, where participants use computational power to validate transactions and secure the network. The supply of Bitcoin is limited, which has contributed to its perception as a store of value and digital alternative to traditional currencies.
Beyond its use as a payment method, Bitcoin has had a major impact on global finance and technology. It introduced the concept of decentralized money and has inspired the development of thousands of other cryptocurrencies and blockchain-based innovations.
