2. What is Bitcoin?
Bitcoin (BTC) is the first and most well-known cryptocurrency in the world. It was created in 2009 by an unknown person or group using the name Satoshi Nakamoto. Bitcoin is digital money that allows people to send and receive payments without needing any bank or government in between.
✅ Key Features of Bitcoin:
-
Decentralized: No central authority controls Bitcoin. It's run by a global network of computers (called nodes).
-
Limited Supply: Only 21 million Bitcoins can ever exist. This limited supply makes it valuable—similar to gold.
-
Blockchain Technology: Every Bitcoin transaction is recorded on a public digital ledger called the blockchain, which is secure and cannot be changed.
-
Peer-to-Peer: Bitcoin lets people send money directly to each other anywhere in the world—fast and low-cost.
💡 Why People Trust and Invest in Bitcoin:
-
Acts as digital gold (a store of value)
-
Not controlled by any bank or government
-
Potential for high returns over time
-
Used globally for online payments and investment
📈 Did You Know?
In 2010, 1 Bitcoin was worth less than ₹10. In 2024, 1 BTC reached over ₹50,00,000!
