₿ What is Bitcoin? Decentralized Cryptocurrency: Bitcoin is the original cryptocurrency, designed to act as money and a form of payment outside the control of any single person, group, or central entity (like a government or bank).Digital Currency: It has no physical form; it exists only as digital entries on an online public ledger.Symbol and Code: Its common symbol is ₿, and its currency code is BTC. 💻 How Does Bitcoin Work? Blockchain Technology: Bitcoin is powered by a technology called the blockchain, which is a distributed public ledger that records all confirmed transactions.Peer-to-Peer Network: The network consists of computers (nodes) that all maintain an independent copy of the blockchain. This removes the need for a trusted third party.Transactions and Wallets:A transaction is a transfer of value between Bitcoin wallets.Wallets use a private key (a secret piece of data) to cryptographically sign transactions, proving they came from the owner and preventing them from being altered.Mining: This is the process where computers solve complex cryptographic puzzles to validate transactions and bundle them into new "blocks" that are added to the blockchain. Miners are rewarded with new Bitcoin (the "block reward"). 💡 Key Features and Concepts Creator: Bitcoin was invented in 2008 by an unknown entity or group of developers using the pseudonym Satoshi Nakamoto.Supply Limit: There will only ever be 21 million BTC in existence, making it a scarce asset.Halving: The block reward that miners receive is automatically halved approximately every four years (or every 210,000 blocks). This mechanism controls the issuance schedule and makes Bitcoin increasingly scarce.Irreversible: Once a Bitcoin transaction is broadcast and confirmed on the blockchain, it cannot be reversed by the sender (similar to physical cash).Public and Pseudonymous: All transactions are stored publicly and permanently on the network, but the identity of the user behind a Bitcoin address remains unknown unless they reveal it. Would you like to know more about its history, how to buy/use it, #BTCVSGOLD #BTC走势分析 #BTC☀️ #BinanceBlockchainWeek