The World's First Decentralized Digital Currency
Bitcoin is a decentralized digital currency created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. It operates without a central authority or banks, managing transactions and issuing new units through a peer-to-peer network.
Bitcoin uses blockchain technology, a distributed ledger that records all transactions across a network of computers. Transactions are verified by network nodes through cryptography and recorded in blocks, creating an immutable chain of transaction history.
Bitcoin mining is the process by which new bitcoins are created and transactions are verified. Miners use powerful computers to solve complex mathematical problems, and in return, they receive newly minted bitcoins as rewards.
Protected by cryptographic algorithms
No single point of control
All transactions are publicly visible
Global transactions in minutes