What is Bitcoin and how does it work?

[XKUBI]

Bitcoin is a decentralized digital currency that enables peer-to-peer transactions without the need for a central authority or intermediary. It was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto.
Here's a basic overview of how Bitcoin works:
Blockchain Technology:
The fundamental technology behind Bitcoin is blockchain. A blockchain is a distributed ledger that records all transactions across a network of computers.
Transactions are grouped into blocks, and each block is linked to the previous one, forming a chain. This ensures the integrity and chronological order of transactions.

 

[Olaniyi]

Bitcoin is a digital currency that can be use to save coin and later exchange to any currency in the whole world but the problem is that the amount is not stable

 

[Suba]

Although Bitcoin was originally intended to be used as a means of payment, it has now been used as an investment and trading instrument and has even entered the stock market. In addition to implementing P2P, Bitcoin also implements a PoW mechanism system where transactions are validated and confirmed. Although Bitcoin is anonymous, when you make transactions on a crypto exchange, your identity will be easily revealed by the government.