technology. It was created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto.
Here are some key points about Bitcoin:
1. Decentralized
- Bitcoin is not controlled by any government or central bank. Transactions are validated by a network of computers (called nodes) and recorded on a public ledger known as the blockchain.
2. Supply Limit
- There will only ever be 21 million Bitcoins. This scarcity contributes to its value over time.
3. Blockchain
- Bitcoin transactions are recorded on a blockchain, a secure, transparent, and immutable digital ledger. Miners validate these transactions by solving complex mathematical problems, a process called mining.
4. Use Cases
- Digital Payments: Bitcoin can be used to buy goods and services where accepted.
- Store of Value: Many view Bitcoin as “digital gold” and an alternative to traditional assets for storing wealth.
- Investment: Bitcoin is popular as a speculative investment due to its volatile price movements.
5. Volatility
- Bitcoin’s price can fluctuate significantly due to market demand, regulatory news, or adoption trends.
6. Buying and Storing
- Bitcoin can be bought on exchanges like Coinbase, Binance, or Kraken and stored in digital wallets (software or hardware).
If you’re interested in Bitcoin’s current price or specific details, I can look that up for you. Let me know!