$BTC #WhiteHouseCryptoSummit #USCryptoReserve
Bitcoin (BTC) – The First Cryptocurrency
Bitcoin (BTC) is the world's first and most well-known cryptocurrency, created in 2009 by an anonymous individual or group under the pseudonym Satoshi Nakamoto. It operates on a decentralized, peer-to-peer network using blockchain technology, which ensures transparency, security, and immutability of transactions. Unlike traditional currencies issued by governments, Bitcoin is not controlled by any central authority, such as a bank or financial institution.
Bitcoin transactions are verified by network nodes through cryptography and recorded on a public ledger called the blockchain. New bitcoins are created through a process called mining, where powerful computers solve complex mathematical problems to validate transactions and secure the network. The total supply of Bitcoin is limited to 21 million coins, making it a deflationary asset.
BTC is widely used for online transactions, investment, and as a store of value similar to gold. It has gained acceptance by businesses, institutions, and investors worldwide. Despite its price volatility, Bitcoin remains a revolutionary financial innovation that challenges the traditional banking system and
