Want to start your Bitcoin journey securely and easily?
Use CEX.io — a trusted platform to buy Bitcoin with fiat or crypto.
👉 Get started on CEX.io here
🌎 What Is Bitcoin?
Bitcoin (BTC) is the world’s first and most widely recognized cryptocurrency.
Created in 2009 by an anonymous figure known only as Satoshi Nakamoto, Bitcoin introduced the revolutionary concept of a decentralized, peer-to-peer financial network that operates without a central authority.
At its core, Bitcoin solves a simple but world-changing problem:
➡️ How can two parties exchange value online without needing a trusted third party like a bank?
The answer?
A public blockchain ledger + proof-of-work consensus.
Bitcoin isn’t just a currency — it’s a new kind of financial system.
🛠️ How Bitcoin Works
Bitcoin relies on three core technologies:
✅ 1. The Blockchain
- A distributed, public ledger where every Bitcoin transaction is recorded.
- Immutable, transparent, and censorship-resistant.
✅ 2. Proof of Work (PoW)
- Miners compete to solve complex cryptographic puzzles.
- The winner adds the next block to the blockchain and earns newly minted BTC + transaction fees.
✅ 3. Decentralization
- No single entity controls Bitcoin.
- Thousands of nodes verify transactions across the globe.
This combination ensures Bitcoin’s most important properties:
Security, scarcity, transparency, and censorship resistance.
📈 Bitcoin Tokenomics: Scarcity Built Into Code
Bitcoin’s supply is hard-coded and limited:
