Bitcoin: Benefits and Drawbacks in 2024
Introduction to Bitcoin
Bitcoin, the first and most well-known cryptocurrency, was introduced in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. As a decentralized digital currency, Bitcoin operates on a peer-to-peer network, allowing for direct transactions without the need for intermediaries like banks. Over the years, Bitcoin has gained significant attention and adoption, but it also comes with its set of benefits and drawbacks.