What Is Cryptocurrency? A Simple Guide to Bitcoin and Digital Money 💰

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network, allowing users to send and receive payments without the need for intermediaries like banks. It utilizes blockchain technology to secure and verify transactions, providing transparency and immutability. Bitcoin transactions are recorded on a public ledger, ensuring the integrity of the system. The supply of bitcoins is limited, adding a deflationary aspect to the currency. Users can store their bitcoins in digital wallets and access them using private keys. Bitcoin has gained popularity as a form of decentralized and censorship-resistant money.