Bitcoin is a digital currency which. operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software and cryptography. A public ledger records all bitcoin transactions and copies are held on servers around the world.

Bitcoin is not controlled by a central institution such as a bank or government. Instead, it is supported by a network of computers worldwide called “miners.” These miners verify and confirm transactions, ensuring the integrity of the system. Bitcoin is the first and most famous cryptocurrency, introduced in 2009 by an unknown person or group under the pseudonym “Satoshi Nakamoto”. It is a digital currency based on a technology called Blockchain. Bitcoin is based on a decentralized database called Blockchain. This blockchain is a public, immutable list of transactions that is verified and stored by many computers (called “nodes”) worldwide. Each block in the blockchain contains a collection of transactions determined by complex mathematical problems. Bitcoin is not controlled by a central institution such as a bank or government. Instead, it is supported by a network of computers worldwide called “miners.” These miners verify and confirm transactions, ensuring the integrity of the system.

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