by Satoshi Nakamoto
Quick Fact
Bitcoin is the first decentralized cryptocurrency, built on a peer-to-peer network, enabling secure and transparent transactions without the need for intermediaries.
Bitcoin is a pioneering blockchain and cryptocurrency that operates on a decentralized, peer-to-peer network. Launched in 2009 by an anonymous entity known as Satoshi Nakamoto, Bitcoin has become the most widely recognized and adopted digital currency globally. By leveraging blockchain technology, Bitcoin allows users to send and receive transactions securely without the need for intermediaries like banks. Each transaction is recorded on the blockchain, providing transparency and immutability. As the first of its kind, Bitcoin set the foundation for the broader cryptocurrency space, driving innovation and paving the way for decentralized finance (DeFi) and digital assets.
Bitcoin operates without a central authority, allowing users to transfer value across the globe without the need for intermediaries. The network is maintained by a decentralized group of miners who validate and secure transactions.
Bitcoin's blockchain provides an immutable public ledger where all transactions are recorded transparently. Once added to the blockchain, transactions cannot be altered or reversed, ensuring a high level of trust and security.
Bitcoin has a capped supply of 21 million coins, making it deflationary and preserving its value over time. This limited supply has contributed to its status as "digital gold," a store of value in the digital economy.