What is Bitcoin ?

Bitcoin is a type of digital currency or cryptocurrency that operates without a central authority like a bank or government. It was invented in 2009 by an unknown person or group using the name Satoshi Nakamoto.

•Key Features of Bitcoin: 1. Decentralized: No single institution controls it. Transactions are verified by a network of users (called miners) using blockchain technology. 2. Blockchain Technology: All Bitcoin transactions are recorded in a public ledger called the blockchain, which is secure and transparent. 3. Limited Supply: Only 21 million Bitcoins will ever exist, making it a scarce digital asset. 4. Digital Ownership: Users store their Bitcoins in digital wallets and use private keys to access and send their coins. 5. Peer-to-Peer System: Bitcoin allows people to send money to each other directly, without intermediaries, across borders. 6. Mining: New Bitcoins are created through a process called mining, where powerful computers solve complex mathematical problems

.What Is Bitcoin Used For? •Buying goods/services (where accepted). •Online payments. •Investment (many people buy Bitcoin to hold it as a digital asset). •Remittances and cross-border transfers

Pros: Fast, global transactions. Lower fees (in many cases). Ownership and control over your funds. Protection against inflation in some economies

Cons: Price is highly volatile. Not accepted everywhere. Risk of hacking or losing your wallet/private key. Regulatory issues in some countries.