Bitcoin (BTC) is the world's first decentralized cryptocurrency, created by an unknown person or group of people using the pseudonym Satoshi Nakamoto. It was introduced in a 2008 whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" and launched in January 2009 with the release of its open-source software.
Bitcoin operates on a peer-to-peer network using blockchain technology, a public ledger that records all transactions chronologically. This system ensures transparency and security, preventing issues like double-spending. Bitcoin transactions are verified by network nodes through cryptography and recorded in the blockchain.
Bitcoin operates on a peer-to-peer network using blockchain technology, a public ledger that records all transactions chronologically. This system ensures transparency and security, preventing issues like double-spending. Bitcoin transactions are verified by network nodes through cryptography and recorded in the blockchain.
