Facts about BITCOIN
1. Bitcoin is the first decentralized digital currency, meaning that it is not issued or regulated by any government or central bank.
2. The creator of Bitcoin is still unknown, using the pseudonym “Satoshi Nakamoto”.
3. The value of Bitcoin is determined by market supply and demand, with no government or central bank intervention.
4. Bitcoin transactions are recorded on the blockchain, the public ledger of all Bitcoin transactions.
5. Bitcoin transactions are instant and irreversible, meaning that once a transaction is made, it cannot be reversed.
6. Bitcoin transactions are anonymous, meaning that users can make payments without revealing their identity.
7. There will only ever be 21 million Bitcoins in total, making it a finite resource.