Bitcoin

Bitcoin is a decentralized digital currency that uses cryptography for security and is not controlled by any government or financial institution.

It was created in 2009 by an individual or group of individuals using the pseudonym Satoshi Nakamoto. Transactions are recorded on a public ledger called a blockchain, and new Bitcoins are generated through a process called mining.

In order to send or receive Bitcoins, you need a Bitcoin wallet. This is a software program that stores your Bitcoin balance and allows you to send and receive Bitcoins. There are several types of wallets, including web wallets, mobile wallets, and desktop wallets.

Bitcoin can be used to purchase goods and services online and in physical stores that accept them as payment. However, their use is not as widespread as traditional currencies, and they are not accepted by all merchants. The value of a Bitcoin can fluctuate significantly, and this volatility has made it a subject of speculation.