What is a Bitcoin and how does it work? Bitcoin is a decentralized digital currency that was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers. Key features of Bitcoin include: Decentralization: Bitcoin operates on a peer-to-peer network, meaning that transactions occur directly between users without the need for an intermediary, such as a bank. Blockchain Technology: Transactions are recorded on a public ledger called the blockchain. This ledger is maintained by a network of nodes (computers) that validate and confirm transactions through a process called mining. Limited Supply: There is a capped supply of 21 million bitcoins, which makes it a deflationary asset. This limited supply is designed to mimic the scarcity of precious metals like gold. Mining: Bitcoin mining involves solving complex mathem...