WHAT IS BITCOIN BTC
1. What is Bitcoin (BTC) Bitcoin, OR BTC, IS the first digital currency to gain widespread recognition, has revolutionized the world of finance and technology. Created by an anonymous person or group of people using the pseudonym Satoshi Nakamoto, Bitcoin emerged in 2009 as an alternative to traditional centralized currencies. Operating on a decentralized peer-to-peer network, Bitcoin offers a secure and transparent method of conducting transactions without the need for intermediaries like banks. In this article, we will delve into the intricacies of Bitcoin, exploring its underlying technology, the blockchain, as well as the process of mining, the role of cryptography, and the advantages and challenges associated with this digital currency. Join us on this journey to uncover what Bitcoin is and how it works. 1. Introduction to Bitcoin 1.1 What is Bitcoin? Bitcoin - the mysterious digital currency that has taken the world by storm. But what exactly is it? Well, think of it as vir...