The Digital Currency Transforming Global Transactions | by Muhammadyayat | The Capital | Jan, 2025
Over the past decade, Bitcoin has emerged as a topic of intense discussion, captivating everyone from major investors to curious individuals. As the first cryptocurrency, Bitcoin stands out not only for its volatile price movements but also for its potential to revolutionize global finance. But what is Bitcoin, and why has it garnered so much attention?
Bitcoin is a decentralized digital currency introduced in 2009 by an anonymous creator (or creators) under the pseudonym Satoshi Nakamoto. Unlike traditional currencies, Bitcoin is not regulated by any government or central bank. It operates using blockchain technology, ensuring secure, transparent, and immutable transactions.
1. Decentralization
Bitcoin is not controlled by a central authority, making it resistant to inflation and government interference.
2. Fast and Cost-Effective Transactions
Bitcoin enables cross-border transactions without the high fees and long processing times associated with traditional banking.
