Crypto Basics #2: What Is Bitcoin? ₿
Bitcoin is the first and most well-known cryptocurrency.
It was created in 2009 by an unknown person or group using the name Satoshi Nakamoto.
Unlike traditional money, Bitcoin doesn’t require a central bank to process transactions. Instead, transactions are recorded and verified on a decentralized network called the Bitcoin blockchain.
🔹 Limited supply: Only 21 million BTC can ever exist.
🔹 Decentralized: No single company or government controls the Bitcoin network.
🔹 Global: Bitcoin can be sent across borders without traditional banking systems.
Bitcoin is more than just a digital asset—it introduced a completely new way of thinking about money.
Next: How does Bitcoin actually work? 👀
Bitcoin is the first and most well-known cryptocurrency.
It was created in 2009 by an unknown person or group using the name Satoshi Nakamoto.
Unlike traditional money, Bitcoin doesn’t require a central bank to process transactions. Instead, transactions are recorded and verified on a decentralized network called the Bitcoin blockchain.
🔹 Limited supply: Only 21 million BTC can ever exist.
🔹 Decentralized: No single company or government controls the Bitcoin network.
🔹 Global: Bitcoin can be sent across borders without traditional banking systems.
Bitcoin is more than just a digital asset—it introduced a completely new way of thinking about money.
Next: How does Bitcoin actually work? 👀