Its programmed scarcity<\/strong> is one of its fundamental characteristics. The protocol limits the total number of bitcoins to 21 million units<\/strong>. This immutable limit contrasts with traditional currencies, which can potentially be printed in unlimited quantities by central banks.<\/p>\n\n\n Each bitcoin can be divided into eight decimal places, with the smallest unit being the satoshi<\/strong> (0.00000001 BTC). Bitcoin operates on a peer-to-peer<\/strong> network allowing direct exchanges between users without intermediaries. All transactions are recorded in the blockchain<\/a><\/strong>, a distributed public ledger ensuring transparency and security.<\/p>\n\n\n\n The history of Bitcoin<\/strong> begins in the context of the 2008 global financial crisis<\/strong>. On October 31, 2008<\/strong>, Satoshi Nakamoto<\/strong> published the paper “Bitcoin: A Peer-to-Peer Electronic Cash System<\/strong>“. It outlined the principles of an electronic currency operating without a central authority.<\/p>\n\n\n\n On January 3, 2009<\/strong>, Satoshi mined the first block of the Bitcoin blockchain, the “genesis block<\/strong>“. It contained a message referencing the banking crisis. On May 22, 2010<\/strong>, Laszlo Hanyecz made the first commercial transaction by purchasing two pizzas for 10,000 bitcoins. This event is now celebrated as “Bitcoin Pizza Day”.<\/p>\n\n\n\n Between 2011 and 2013, Bitcoin began to attract public attention. Its price rose from a few dollars to over $1,000. The year 2017<\/strong> marked a turning point with an explosion of interest in cryptocurrencies. Bitcoin reached nearly $20,000 in December.<\/p>\n\n\n\n Major technical improvements like SegWit<\/strong> (2017) and the Lightning Network<\/strong> subsequently enhanced the network’s scalability. In 2021<\/strong>, El Salvador<\/strong> became the first country to adopt Bitcoin as legal tender. The year 2024<\/strong> saw the approval of the first Bitcoin Spot ETFs<\/strong> by the U.S. SEC. This facilitated access to this asset class for traditional investors.<\/p>\n\n\n\n Satoshi Nakamoto<\/strong> is the pseudonym used by Bitcoin’s creator. His real identity remains one of the greatest enigmas in the cryptocurrency world. This mysterious figure designed Bitcoin and wrote its founding whitepaper in 2008. He also developed the original source code and mined the first blocks of the blockchain.<\/p>\n\n\n\n Then, as suddenly as he had appeared, Satoshi disappeared from the public scene in 2011. He left behind a revolutionary technology but no conclusive clues about his identity. No one knows with certainty whether it’s a single person or a group.<\/p>\n\n\n\n Several theories circulate regarding his real identity, with candidates like Nick Szabo<\/strong>, Hal Finney<\/strong>, or Adam Back<\/strong>. Australian computer scientist Craig Wright<\/strong> publicly claimed to be Satoshi in 2016, without providing convincing evidence.<\/p>\n\n\n\n Satoshi is estimated to possess about 1 million bitcoins<\/strong> mined in the early days of the network, never spent. The creator’s anonymity paradoxically reinforces Bitcoin’s decentralized character. It truly belongs to its community of users and developers rather than to a central figure.<\/p>\n\n\n\n Bitcoin fulfills several essential functions in the global financial ecosystem.<\/p>\n\n\n\n Designed as a peer-to-peer electronic payment system<\/strong>, Bitcoin allows money to be sent directly without intermediaries. Its cross-border<\/strong> nature offers a major advantage for international transfers. It features fees generally lower than traditional services and reduced delays of just a few minutes.<\/p>\n\n\n\n Bitcoin has established itself as a store of value<\/strong> comparable to digital gold. Its supply limited to 21 million units<\/strong> makes it a potential bulwark against inflation. This attracts investors seeking protection against the devaluation of traditional currencies.<\/p>\n\n\n\n In certain countries facing high inflation or political instability, Bitcoin has become a safe haven<\/strong> for citizens looking to preserve their savings against local currencies that are rapidly losing value.<\/p>\n\n\n\n Bitcoin offers potential for financial inclusion<\/strong> for the 1.4 billion adults without access to banking services. Requiring only a smartphone and internet connection, it allows these populations to access financial services without a traditional bank account.<\/p>\n\n\n\n The Bitcoin network relies on a decentralized architecture composed of thousands of computers<\/strong> (called nodes<\/strong>) distributed worldwide. Each node has a copy of the blockchain, making the system extremely resilient.<\/p>\n\n\n\n When a user wants to send bitcoins, the transaction follows a precise process:<\/p>\n\n\n\n Bitcoin addresses<\/strong> serve as “accounts” for receiving bitcoins. They are generated from public keys<\/strong>. These are derived from private keys<\/strong> that the user must keep secret to be able to spend their bitcoins.<\/p>\n\n\n\n The network maintains its integrity through a consensus<\/strong> mechanism based on the longest chain rule and the validation of protocol rules by each node. Solutions like SegWit<\/strong> and the Lightning Network<\/strong> have been developed to improve network scalability, initially limited to about 7 transactions per second.<\/p>\n\n\n\n The Bitcoin blockchain<\/strong> is a distributed digital ledger<\/strong> that chronologically records all transactions since Bitcoin’s creation. It is decentralized (replicated across thousands of computers), public (viewable by everyone), immutable (practically impossible to modify), and transparent.<\/p>\n\n\n Structured as a chain of cryptographically linked blocks, each block contains a header (reference to the previous block, timestamp, nonce, Merkle root) and a body with the list of validated transactions. This structure creates a dependency between blocks, forming an uninterrupted chain back to the genesis block.<\/p>\n\n\n\n Immutability<\/strong> is guaranteed by cryptographic chaining: modifying a transaction in a past block would change its digital fingerprint, invalidating all subsequent blocks. For this modification to be accepted, the attacker would need to recalculate all subsequent blocks faster than the rest of the network continues to add new blocks \u2013 a task practically impossible without controlling more than 50% of the computing power.<\/p>\n\n\n\n Although primarily designed for financial transactions, blockchain technology has inspired many other applications: traceability, certification, digital identity, electronic voting, and smart contracts.<\/p>\n\n\n\n Proof of Work<\/strong> is the consensus mechanism that secures the Bitcoin network. This process requires considerable computing power to validate transactions and create new blocks.<\/p>\n\n\n\n Specifically, miners must find a number (the “nonce”) that, when combined with the block data and passed through a cryptographic hash function (SHA-256), produces a result beginning with a certain number of zeros. The more zeros required, the greater the difficulty.<\/p>\n\n\n\n This mechanism fulfills several essential security functions:<\/p>\n\n\n\n The difficulty of the problem automatically adjusts every 2016 blocks to maintain an average time of 10 minutes between each block. Since 2020, the reward for validating a block is 6.25 BTC<\/strong>. It is reduced by half every four years during a “halving”.<\/p>\n\n\n\n The energy consumption of Proof of Work is its most controversial aspect. In 2025, the Bitcoin network consumes an amount of electricity comparable to that of some medium-sized countries. Although a growing proportion comes from renewable sources.<\/p>\n\n\n\n Bitcoin mining<\/strong> is the process by which new transactions are verified and added to the blockchain. “Miners” use their computing power to solve complex mathematical problems, thus validating blocks of transactions.<\/p>\n\n\n Miners fulfill several essential functions: transaction validation, network security, creation of new bitcoins, and transaction processing. Without them, the Bitcoin network could not function.<\/p>\n\n\n\n Mining hardware has evolved considerably since 2009:<\/p>\n\n\n\n Miners are rewarded with newly created bitcoins (block reward) and fees from transactions included in the block. The reward follows a programmed reduction schedule. It went from 50 BTC in 2009 to 3.125 BTC after the fourth halving <\/a>in 2024.<\/p>\n\n\n\n Given the increasing difficulty of mining, “mining pools<\/strong>” allow miners to combine their computing power and share rewards proportionally. In 2025, mining has become a highly professionalized industry. It requires significant investments and is generally profitable only at large scale in regions offering low-cost electricity.<\/p>\n\n\n\n The security<\/strong> of the Bitcoin network rests on several fundamental pillars: its decentralization (no single point of failure), its distributed consensus (collective decisions on transaction validity), proof of work (prohibitive cost of attacks), and its transparency (collective surveillance).<\/p>\n\n\n\n Cryptography is at the heart of this security, particularly through:<\/p>\n\n\n\n For users, the security of their funds depends mainly on the management of their private keys. Storage options include hardware wallets<\/strong> (like Ledger or Trezor), software wallets<\/strong>, paper wallets<\/strong>, and institutional custody solutions<\/strong>.<\/p>\n\n\n\n Despite its robustness, the Bitcoin network faces certain potential risks: the 51% attack<\/strong> (majority control of computing power), code vulnerabilities<\/strong> (although constantly examined), quantum risks<\/strong> (future quantum computers), and regulatory risks<\/strong>.<\/p>\n\n\n\n Compared to traditional financial systems, Bitcoin offers several security advantages: absence of central point of failure, complete transparency, direct control by users, resistance to censorship, and immunity to monetary inflation.<\/p>\n\n\n\n To buy Bitcoin<\/strong>, you need to use an exchange platform<\/a> or a broker. Here are the essential criteria for choosing the right platform:<\/p>\n\n\n\n In 2025, recommended platforms for French users include Bitget<\/a>, Binance<\/a>, Coinbase, Kraken, and KuCoin.<\/p>\n\n\n\n Exchanges<\/strong> allow you to buy Bitcoin directly transferable to your personal wallet, ideal for long-term storage. Brokers<\/strong> allow you to speculate on the price without necessarily owning the cryptocurrency, suitable for active trading.<\/p>\n\n\n\n The purchase process generally includes these steps: account creation, identity verification (KYC), account security with two-factor authentication, funds deposit, Bitcoin purchase, then transfer to a personal wallet for more security.<\/p>\n\n\n\n For beginners, the dollar-cost averaging strategy (regular investment of a fixed amount) is often recommended. This helps smooth volatility and reduce the psychological impact of price fluctuations.<\/p>\n\n\n\n Bitget is one of the best platforms to buy Bitcoin. Buying BTC on the Bitget platform is a simple and secure process. It’s even accessible to beginners.<\/p>\n\n\n Here are the steps to follow:<\/p>\n\n\n\n![\"Bitcoin](\"https:\/\/investx.fr\/en\/wp-content\/uploads\/sites\/5\/2025\/07\/bitcoin1.png\")
<\/figure>\n<\/div>\n\n\nThe History of Bitcoin<\/h3>\n\n\n\n
Who is Satoshi Nakamoto, the Creator of BTC?<\/h3>\n\n\n\n
What is BTC Used For?<\/h2>\n\n\n\n
A Revolutionary Medium of Exchange<\/h3>\n\n\n\n
A Store of Value in an Uncertain World<\/h3>\n\n\n\n
A Financial Inclusion Tool<\/h3>\n\n\n\n
How Does the Bitcoin Network Work?<\/h2>\n\n\n\n
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The Bitcoin Blockchain<\/h3>\n\n\n\n
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Bitcoin Mining<\/h3>\n\n\n\n
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Network Security<\/h3>\n\n\n\n
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Advantages and Disadvantages of Bitcoin<\/h2>\n\n\n\n
Advantages of Bitcoin<\/h3>\n\n\n\n
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Disadvantages of Bitcoin<\/h3>\n\n\n\n
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Important Moments in Bitcoin History<\/h2>\n\n\n\n
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![\"pizza\"](\"https:\/\/investx.fr\/en\/wp-content\/uploads\/sites\/5\/2025\/07\/bitcoin4.jpg\")
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How and Where to Buy Bitcoin?<\/h2>\n\n\n\n
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How to Buy Bitcoin on Bitget?<\/h3>\n\n\n\n
![\"Bitget](\"https:\/\/investx.fr\/en\/wp-content\/uploads\/sites\/5\/2025\/06\/logo-bitget-1-2-3.svg\"){kind=logo}
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![\"strategy](\"https:\/\/investx.fr\/en\/wp-content\/uploads\/sites\/5\/2025\/07\/strategy.jpg\")