Bitcoin: The Digital Revolution
Bitcoin is a decentralized digital currency introduced in 2009 by an anonymous creator known as Satoshi Nakamoto. Unlike traditional money, it operates without a central bank or government oversight. Instead, it relies on a peer-to-peer network and a public ledger called the blockchain, which records every transaction transparently and securely.
New coins are created through mining, a process where computers solve complex puzzles to validate transactions. With a strictly capped supply of 21 million coins, Bitcoin is often viewed as "digital gold"—a hedge against inflation and a borderless way to transfer value globally.
Key Facts at a Glance
First Transaction: 10,000 BTC for two pizzas in 2010.
Smallest Unit: One "Satoshi" (10^{-8} BTC).
Security: Powered by Proof-of-Work cryptography.
Would you like me to explain how the "mining" process works in more detail, or perhaps help you understand the concept of a digital wallet?
