Bitcoin is a digital currency. That means it’s money you can use on the internet, without needing a bank. It was created in 2009 by someone using the name “Satoshi Nakamoto.”
Bitcoin works on something called blockchain. It is like a digital record book that keeps track of all the transactions. Every time someone sends or receives Bitcoin, it is recorded on this blockchain.
People use Bitcoin to buy things online or to invest, hoping its value will go up. Unlike regular money, there are only 21 million Bitcoins. This limit makes it special and valuable.
You keep Bitcoins in a digital wallet, which can be an app or a hardware device. You can buy Bitcoin from crypto exchanges using your local currency.
The price of Bitcoin changes a lot. It can go up or down quickly, so it’s risky but can also be rewarding.
Bitcoin is not controlled by any government or bank. This makes it attractive for people who want financial freedom. But it also means you must be careful and learn how it works before using it.
