Bitcoin

About

Bitcoin is a peer-to-peer digital currency, fundamentally decentralized with no central authority for issuance or transaction tracking; instead, these functions are managed collectively by its network nodes. It is widely recognized, censorship-resistant, and facilitates money transfers as a virtual currency, available on Mac, Windows, Linux, and BSD platforms. As the first and most popular cryptocurrency, it operates under a Free and Open Source license, with its development tracked on GitHub. Lacking a traditional company structure, Bitcoin has no CEO, executives, employee count, or conventional revenue streams, and its founding history is tied to its open-source nature and decentralized development. Its market position is that of a dominant cryptocurrency, though it faces competition from alternatives like Bitcoin Cash, particularly regarding transaction fees. User reviews highlight its ease of trade but also point to challenges such as the difficulty of profitable individual mining, the concentration of mining pools, and concerns over transaction costs.