Bitcoin is a digital currency, also known as a Cryptocurrency - 20230221095537, that operates on a decentralized network, meaning that it is not controlled by any central authority, such as a government or a financial institution. It was created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto.
Unlike traditional currencies, which are issued by central banks, Bitcoin is created through a process called Mining, in which participants use powerful computers to solve complex mathematical equations in order to validate and process transactions on the network. As a reward for their efforts, miners are awarded newly created bitcoins.
Bitcoin transactions are recorded on a public ledger called the Blockchain - 20230216070315, which is maintained by a distributed network of computers around the world. Each transaction is verified by a network of nodes, and once confirmed, it is added to the blockchain. The blockchain provides a secure and transparent way to store and transfer bitcoins, and allows users to track and verify transactions without the need for a trusted intermediary.
Bitcoin has gained popularity in recent years as a means of payment and a store of value, and is accepted by a growing number of merchants and businesses around the world. It has also been subject to volatility and controversy, with its price fluctuating widely and governments and regulators around the world debating its regulation and use.
Status:: #wiki/notes/germinating
Plantations:: Cryptocurrency - 20230221095537
References:: Cryptoassets