Bitcoin is the first decentralized cryptocurrency, created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto. It operates on a peer-to-peer network without the need for a central authority. Bitcoin transactions are recorded on a public ledger called the blockchain.

The inception of Bitcoin marked a revolutionary shift in finance, promoting decentralization and transparency. Its underlying blockchain technology continues to inspire innovation across various sectors. Exciting times for the crypto world!