BTC: WHAT?

Bitcoin, introduced in 2009 by an anonymous entity known as Satoshi Nakamoto, is a decentralized digital currency revolutionizing the traditional financial landscape. Functioning on a technology called blockchain, Bitcoin operates without a central authority, relying on a peer-to-peer network to validate and record transactions.
The heart of Bitcoin lies in its blockchain, a public ledger that securely records all transactions. Miners, individuals or groups using powerful computers, validate and add new transactions to the blockchain through a process called mining. This not only ensures the integrity of the currency but also prevents double-spending.
Bitcoin transactions are pseudonymous, identified only by alphanumeric addresses, adding a layer of privacy. The scarcity of Bitcoin is maintained by a capped supply of 21 million coins, making it deflationary by nature.
As a decentralized currency, Bitcoin transcends national boundaries, providing a borderless and censorship-resistant financial system. It has gained popularity as a store of value and a hedge against inflation, attracting both individual investors and institutional players.
Despite its growing acceptance, Bitcoin faces challenges, including regulatory uncertainties and scalability issues. Nevertheless, its impact on the financial sector is undeniable, and its future role remains a subject of intense speculation and debate.