$BTC Bitcoin (BTC) is the first and most well-known cryptocurrency project introduced in 2008 by an anonymous entity named Satoshi Nakamoto through a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System."

Bitcoin Project Goals

1. Decentralization – Bitcoin is designed to operate without a central authority such as a bank or government.

2. Security & Transparency – Uses blockchain technology to record transactions publicly and immutably.

3. Limited Inflation – Bitcoin's supply is capped at 21 million BTC, making it resistant to inflation like fiat currencies.

4. Global Payment System – Enables seamless transactions worldwide with low fees.

Key Components of the Bitcoin Project

1. Bitcoin Blockchain – A digital ledger that permanently records all transactions.

2. Mining – The process of validating transactions using the Proof-of-Work (PoW) mechanism, which is carried out by miners using high computing power.

3. Bitcoin Halving – Every 4 years, the block reward for miners is halved, reducing the rate of new BTC creation and increasing scarcity.

4. Lightning Network – A Layer-2 solution developed to increase transaction speeds and reduce fees on the Bitcoin network.

Current Bitcoin Development (2025)

Bitcoin is increasingly being adopted as an institutional investment asset and as a strategic reserve by several countries.

Countries such as El Salvador have adopted BTC as their official currency.

Bitcoin regulation is evolving in various countries, with some supporting it and others tightening the rules on its use.