Bitcoin - Page 56

Bitcoin is a decentralized digital currency, created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. It operates on a peer-to-peer network, allowing users to send and receive payments without the need for a central authority, such as a bank. Transactions are recorded on a public ledger called the blockchain, which is maintained by a network of nodes (computers).Bitcoin is known for its limited supply of 21 million coins, which contributes to its value proposition as a store of value. It is often seen as a form of "digital gold." Bitcoin can be used for various purposes, including online purchases, investment, and as a means of transferring value across borders. Its decentralized nature and potential for anonymity have made it a subject of interest in discussions related to finance, technology, and regulatory frameworks. Bitcoin has also been influential in the development of numerous other cryptocurrencies and blockchain technologies.