Bitcoin, the first and most well-known cryptocurrency, was introduced in 2009 by an anonymous person or group known as Satoshi Nakamoto. It operates on a decentralized network called blockchain, where transactions are recorded on a public ledger maintained by a network of nodes.
Bitcoin mining involves solving complex mathematical problems to validate transactions and secure the network. This process also introduces new bitcoins into circulation. Users can buy, store, and use Bitcoin through exchanges, wallets, and payment platforms.
While Bitcoin offers numerous advantages such as decentralization, security, and potential for high returns, it also comes with risks. These include price volatility, regulatory issues, and the potential for loss if security practices are not followed. Beginners should start by educating themselves and investing cautiously.
