Bitcoin is a decentralized digital currency that was invented in 2008 by an unknown person or group using the name Satoshi Nakamoto. It is a peer-to-peer system that allows for the creation and transfer of digital tokens, called bitcoins, without the need for a central authority.
Bitcoin is based on a technology called blockchain, which is a distributed ledger that records all transactions in a transparent and secure manner. The blockchain is maintained by a network of nodes, which verify and validate all transactions.
One of the key features of Bitcoin is its limited supply. Only 21 million bitcoins will ever be created, which makes it a deflationary asset. This means that, over time, the value of Bitcoin is likely to increase as demand for the limited supply grows.
Bitcoin can be used for a variety of purposes, including as a means of payment for goods and services, as a store of value, and as a speculative investment. It has gained widespread adoption around the world, with many merchants and businesses accepting it as a form of payment.
However, Bitcoin has also been criticized for its lack of regulation, its use in illegal activities, and its potential environmental impact due to the high energy consumption required for mining. As with any investment, it is important to do your own research and understand the risks and benefits before investing in Bitcoin.