WHAT İS BİTCOİN

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9 Jan 2024
26

Bitcoin is the most popular among cryptocurrencies and is a decentralized digital currency. The main features of Bitcoin are: Decentralization:
Bitcoin is built on a system that is not controlled by any government, financial institution or organization. Therefore, it enables direct person-to-person transfer between users anywhere around the world.
Blockchain Technology:
Bitcoin transactions are recorded on a public ledger called the blockchain. The blockchain consists of a series of blocks, where each block of transactions is created by referencing the previous one. This ensures reliability and transparency.
Limited Supply:
The maximum supply of Bitcoin is limited to 21 million. This can increase the value of Bitcoin because when supply is lower than demand, the value generally rises.
Mining:
Mining, a process used to keep the Bitcoin network safe and generate new bitcoins, is performed by specialized computers solving complex mathematical problems.
Anonymity and Transparency:
Bitcoin transactions can be carried out without revealing users' identities. However, this does not mean complete anonymity because transactions are publicly recorded on the blockchain.

Bitcoin has attracted great attention, especially due to its potential to shake up traditional structures in the financial system and its ability to be treated as a digital asset. However, at the same time, the fact that it is a highly volatile asset and regulatory and supervision efforts by governments have had an impact on the use of Bitcoin.

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