Bitcoin ($BTC) is the first decentralized cryptocurrency, created in 2008 by an unknown person known as Satoshi Nakamoto. It can be sent from one person to another over the Bitcoin network without the need for a third party ¹.

*Characteristics of Bitcoin:*

- *Decentralization*: There is no central authority controlling Bitcoin, as transactions are verified using cryptography and recorded in a distributed ledger called the blockchain.

- *Cryptography*: Bitcoin relies on cryptographic principles in all its aspects, making it secure.

- *Peer-to-peer*: Bitcoin can be sent from one person to another without the need for an intermediary.

*Uses of Bitcoin:*

- *Payments*: Bitcoin can be used to pay for goods and services.

- *Investment*: Bitcoin is considered a potential investment, despite its high volatility.

- *Remittances*: Bitcoin can be used for international remittances.

*Legal status of Bitcoin:*

- *Recognition*: Some countries recognize Bitcoin as legal currency, such as El Salvador.

- *Ban*: Some countries prohibit the use of Bitcoin, such as China.