Bitcoin

 

Bitcoin

Basics

  

BITCOIN

Bitcoin is a decentralized digital currency that enables peer-to-peer transactions without the need for a central authority. Transactions are recorded on a public ledger called the blockchain, which helps to prevent fraud and ensure the integrity of the currency. Bitcoin can be bought and sold on online exchanges and stored in a digital wallet on your computer or smartphone. The value of bitcoin is determined by supply and demand in the market, and it has been known to be volatile, especially in the early days of its existence. It was the first cryptocurrency to be created and is the most widely used and well-known cryptocurrency in the world.