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Bitcoin (BTC): A Brief Overview
Bitcoin (BTC) is the first decentralized digital currency, created in 2009 by an anonymous person or group known as Satoshi Nakamoto. Operating on a peer-to-peer network, Bitcoin allows users to send and receive payments without the need for a central authority like a bank. Transactions are verified by network nodes and recorded on a public ledger called the blockchain.
One of Bitcoin’s key innovations is its limited supply; only 21 million coins can ever be mined. This scarcity, combined with growing adoption, has contributed to its value as a digital asset. Bitcoin is seen by many as "digital gold" due to its potential as a store of value and hedge against inflation.
However, Bitcoin is known for its price volatility and faces regulatory challenges in some countries. Despite this, it remains the most popular cryptocurrency, with a significant impact on the global financial system.