Bitcoin

Bitcoin is an independent value transfer system operating on a decentralized network of computers. Instead of a central bank or company, transactions are verified by network participants using cryptography and computation. All transactions are recorded in a blockchain—a sequential, immutable chain of data that is publicly accessible and resistant to forgery. The security of Bitcoin is based on the Proof-of-Work mechanism, where computers (miners) solve complex mathematical problems to validate new blocks of transactions. The total supply is capped at 21 million bitcoins, making it a scarce asset. With its open architecture, absence of intermediaries, and global accessibility, Bitcoin serves as a tool for storing and transferring value in the digital space.