Skjalal5007
@skjalal5007
### **Bitcoin (BTC): The First Cryptocurrency** **Bitcoin (BTC)** is a decentralized digital currency that was created in **2009** by an anonymous person or group known as **Satoshi Nakamoto**. It is the world's first cryptocurrency and operates without a central authority like a bank or government. #### **How Bitcoin Works** Bitcoin transactions are recorded on a **blockchain**, a public ledger that ensures security and transparency. The network uses a process called **mining**, where powerful computers solve complex mathematical problems to validate transactions and add them to the blockchain. #### **Key Features of Bitcoin** - **Decentralization** – No central authority controls Bitcoin. - **Limited Supply** – Only **21 million BTC** will ever exist, making it a scarce asset. - **Security** – Uses cryptographic technology to prevent fraud and hacking. - **Borderless Transactions** – Can be sent and received anywhere in the world without intermediaries.
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