What is Bitcoin: Digital Gold Explained
Bitcoin is the first decentralized cryptocurrency with a fixed supply of 21 million. Like digital gold — scarce, transferable, and censorship-resistant.
TL;DR
Bitcoin is the first decentralized cryptocurrency with a fixed supply of 21 million. Like digital gold — scarce, transferable, and censorship-resistant.
Core Properties of Bitcoin
Bitcoin (BTC) was created by Satoshi Nakamoto in 2009 — a decentralized digital currency running on a blockchain. Core properties: fixed supply of 21 million BTC (inflation-resistant); no central authority, maintained by a global network of nodes; transactions are immutable, permanently recorded on-chain; anyone worldwide can send/receive without bank permission. Bitcoin is called "digital gold" for its scarcity and store-of-value properties — but more divisible and transferable than physical gold.