"What is Bitcoin?"
Bitcoin is a decentralized digital currency system that operates on a peer-to-peer network. It was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoin transactions are recorded on a public ledger called a blockchain and are verified by network nodes through cryptography and proof-of-work algorithms. The limited supply of Bitcoin - only 21 million will ever exist - and its deflationary nature make it a popular investment asset and a means of payment for goods and services. However, its highly volatile price and the lack of regulatory oversight are major risk factors in the Bitcoin game.
Release time 2023 06 02