Bitcoin is the first and most well-known cryptocurrency. It was created in 2009 by an individual or group using the pseudonym Satoshi Nakamoto. Bitcoin uses a decentralized, digital ledger technology called blockchain to record all transactions across a network of computers. Transactions are verified and recorded by a process called mining, in which miners are rewarded with new bitcoins. The total supply of bitcoin is limited to 21 million coins, and the currency can be stored in digital wallets using unique addresses and private keys for security. Bitcoin’s value can be highly volatile and is often influenced by market sentiment, regulatory changes, and developments in the broader cryptocurrency industry.
