Bitcoin (commonly abbreviated as BTC) is a decentralized digital currency that operates on a peer-to-peer network. It was created in 2009 by Satoshi Nakamoto, an anonymous individual known to be the "Father of Crypto".
Transactions on the Bitcoin network are recorded on a public, tamper-resistant ledger called the
, which uses a
consensus mechanism to validate and process transactions.
Bitcoins can be bought and sold for FIAT currency or other cryptocurrencies, and are often used as an investment or medium of exchange. The production of new bitcoins is called
and is performed by powerful computers that compete to solve complex computational puzzles.