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Bitcoin is a decentralized digital currency, without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. It was invented by an unknown person or group of people using the name Satoshi Nakamoto and was released as open-source software in 2009.

One of the main features of Bitcoin is its decentralized nature, meaning it is not controlled by any government or institution. Instead, transactions are recorded on a public ledger called the blockchain, which is maintained by a network of users.

Another key feature of Bitcoin is its limited supply. The total number of bitcoins that will ever be created is capped at 21 million, with about 18.7 million currently in circulation. This scarcity is intended to give the currency value and make it a store of value like gold.

Bitcoin's value can be extremely volatile, and its price has been known to fluctuate dramatically over short periods of time. This volatility is caused by a variety of factors, including market sentiment, news, and regulations.

Bitcoin is also known for being used in illegal activities because of its pseudo-anonymous nature, but it is also being increasingly used for legitimate purposes such as online shopping and cross-border payments.

Bitcoin has also given rise to a whole ecosystem of other cryptocurrencies and blockchain projects. Bitcoin can be used as a form of investment but it is a high-risk one. The value of Bitcoin can be highly volatile and it's important to do your own research and consult with financial professionals before making any investment decisions.

Overall Bitcoin's impact on the world of finance has been significant, with many experts considering it to be the most important invention since the internet itself. It is the first successful implementation of blockchain technology which is being researched for various use cases and has led to the creation of numerous other cryptocurrencies, creating a whole new field in the financial industry.