Web3 & Blockchain technology enthusiast


self proclaimed free-thinker


Bitcoin is a decentralized digital currency that was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. It operates on a peer-to-peer network, meaning transactions occur directly between users without the need for intermediaries like banks or governments. Bitcoin is built on a technology called blockchain, which is a public, distributed ledger that records all transactions in a secure and transparent way.

Here’s how it works in simple terms:
- *Mining*: New bitcoins are created through a process called mining, where powerful computers solve complex mathematical problems to validate transactions and add them to the blockchain. Miners are rewarded with newly minted bitcoins.
- *Supply*: There’s a fixed supply cap of 21 million bitcoins, making it scarce by design. As of now, not all have been mined, but the rate of new bitcoin creation slows over time.
- *Usage*: You can use bitcoin to buy goods and services from merchants that accept it, trade it on exchanges, or hold it as an investment.
- *Wallets*: To own and use bitcoin, you store it in a digital wallet, which can be software on your device or a physical hardware device, secured by private keys.

Bitcoin’s value comes from its scarcity, security, and the trust people place in it as a store of value or medium of exchange. It’s often compared to "digital gold" because of its limited supply and independence from central authorities. Its price can be volatile, though—driven by market demand, speculation, and global events.


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