Was ist Bitcoin und Wie funktioniert es?

Cryptocurrency enthusiasts and investors alike often pose the question: 'What is Bitcoin and how does it work?' Bitcoin, the pioneer of decentralized digital currencies, is a peer-to-peer electronic cash system that enables secure, fast, and low-cost transactions without the need for a central authority. It functions through a distributed ledger technology known as the blockchain, which records all transactions publicly and permanently. Miners, who contribute their computing power to the network, validate transactions and add them to the blockchain in exchange for a reward. The limited supply of Bitcoin, set at 21 million, ensures scarcity and acts as a deterrent against inflation. With its decentralized nature, Bitcoin empowers individuals to transact freely and securely, circumventing traditional banking systems.