what is bitcoin? furture of bitcoin?
What is Bitcoin? Bitcoin is a decentralized digital currency that operates without a central authority or intermediaries. It was introduced in 2009 by an anonymous individual or group under the pseudonym Satoshi Nakamoto. Bitcoin is based on blockchain technology, which ensures transparency, security, and immutability of transactions. Principles of Bitcoin Decentralization : Bitcoin operates on a peer-to-peer network without the need for a central bank or government. Transactions are verified by network nodes through cryptography and recorded on the blockchain. Limited Supply : Bitcoin's total supply is capped at 21 million coins, ensuring scarcity. This principle contrasts with traditional fiat currencies, which can be printed in unlimited quantities. Transparency and Security : All Bitcoin transactions are recorded on a public ledger called the blockchain. Advanced cryptographic techniques protect user identities and transaction details. Immutability ...