Bitcoin

Bitcoin is a digital currency that operates independently of a central bank. It is a decentralized currency that allows for peer-to-peer transactions without the need for intermediaries. Bitcoin transactions are recorded on a public ledger called the blockchain, which ensures transparency and security. The value of Bitcoin is determined by supply and demand, and it can be bought and sold on various cryptocurrency exchanges. Bitcoin has gained popularity as a means of payment and investment, and its use is growing worldwide.

How does Bitcoin work?

Bitcoin is a digital currency that operates on a decentralized network, meaning it is not controlled by any government or financial institution. Transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers around the world. Bitcoin transactions are verified by a process called mining, where powerful computers solve complex mathematical equations to confirm the validity of each transaction. Once a transaction is confirmed, it is added to the blockchain and cannot be altered. Bitcoin can be bought and sold on various exchanges and can also be used to purchase goods and services from merchants who accept it as payment.