📚 Lesson #3 – What Is Bitcoin?
Bitcoin is the first widely adopted cryptocurrency and introduced the idea of transferring digital value without relying on a traditional financial institution.
Bitcoin operates on a decentralized blockchain, where transactions are verified by a network of computers.
🔹 Bitcoin was launched in 2009.
🔹 It has a fixed maximum supply of 21 million coins.
🔹 Transactions are recorded on the Bitcoin blockchain.
🔹 Bitcoin can be transferred directly between users.
🔹 New bitcoins are introduced through a process called mining.
🔹 Its price is determined by market supply and demand.
Bitcoin is often described as “digital gold” because of its limited supply and its role as a store-of-value asset for some investors.
💡 Key Takeaway:
Bitcoin is more than a digital currency — it is a decentralized monetary network with a limited supply and a transparent public ledger.
📌 Educational content only. Always do your own research and understand the risks before making financial decisions.
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