Bitcoin (BTC) is a form of digital currency that operates outside the control of central authorities like banks or governments. It was introduced in 2009 by an anonymous developer or group known as Satoshi Nakamoto.
Bitcoin uses blockchain technology to facilitate peer-to-peer transactions on a decentralized network, where transactions are verified by cryptocurrency miners through a proof-of-work consensus mechanism. Each Bitcoin can be stored in a digital wallet and represents a portion of the total value of Bitcoin.
The smallest unit of Bitcoin is called a Satoshi, equivalent to a hundred millionth of one Bitcoin. Bitcoin's blockchain technology ensures a secure and transparent record of transactions, allowing users to transfer ownership securely. Overall, Bitcoin is a decentralized digital currency that offers exciting possibilities for online transactions and financial autonomy.