Bitcoin is a decentralized digital currency that was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. Transactions are recorded on a public ledger called a blockchain, and users can remain anonymous. The value of Bitcoin is determined by supply and demand on exchanges, and it can be traded for other currencies, products, and services.
The first Bitcoin transaction occurred in 2009 when a programmer named Laszlo Hanyecz paid 10,000 Bitcoins for two Papa John's pizzas. At the time, the value of a single Bitcoin was negligible, but it has since risen dramatically and is now worth many thousands of dollars.
Over the years, Bitcoin has faced controversy and skepticism, but it has also been embraced by many individuals and businesses as a legitimate form of currency and a potential investment opportunity. Despite its fluctuating value, Bitcoin and other cryptocurrencies have the potential to revolutionize the way we think about and use money.