Bitcoin is a type of digital currency that works without a central bank. Instead of relying on governments or banks to verify transactions, Bitcoin uses blockchain technology—a decentralized public ledger where every transaction is recorded and cannot be changed.
Think of Bitcoin as internet money. You can send it to anyone, anywhere, anytime, without needing a bank. It runs on a global network of computers, and new Bitcoins are created through a process called “mining,” where powerful machines solve complex math problems.
Why do people care about Bitcoin? It’s limited in supply (only 21 million will ever exist), secure through cryptography, and offers an alternative to traditional financial systems. But its price can be very volatile, and it's still considered high-risk for investors.
Fast and secure deposits and withdrawals, OSL safeguards every transaction !
Learn why Bitcoin is considered a deflationary currency. Its limited supply of 21 million, scarcity, and halving mechanism make it a store of value like 'digital gold'.
Is Bitcoin a Deflationary Currency?
Learn how Bitcoin is issued through a process called 'mining.' Understand the role of miners, block rewards, and how this ensures a decentralized and secure network.
How Is Bitcoin Issued? A Detailed Explanation of the Mining Mechanism
Learn about the Bitcoin halving mechanism, a key rule that cuts mining rewards every four years, impacting its supply, scarcity, and miner competitiveness.
What is the Halving Mechanism? What Are Its Effects?
Learn why Bitcoin is considered decentralized. Understand how blockchain technology enables a secure, transparent, and user-maintained network without central control.
Why is Bitcoin Considered Decentralized?
Learn what miner fees are in cryptocurrency networks like Bitcoin and why these transaction fees can become expensive due to network congestion. Understand how to manage costs.
What Are Miner Fees? Why Are Transactions Sometimes Expensive?