Understanding Bitcoin: The Digital Gold

Bitcoin, often referred to as “digital gold,” has taken the world by storm since its inception in 2009. But what exactly is Bitcoin, and why does it hold such significance in the modern financial landscape?

What is Bitcoin?

Bitcoin is a decentralized digital currency, meaning it operates without a central authority like a bank or government. It was created by an anonymous individual or group known as Satoshi Nakamoto. Unlike traditional currencies, Bitcoin transactions are verified by network nodes through cryptography and recorded on a public ledger called a blockchain.