$BTC
What is Bitcoin (BTC)?
Bitcoin is a digital currency (also called a cryptocurrency) created in 2009 by an unknown person or group using the name Satoshi Nakamoto. It's the first and most well-known cryptocurrency in the world.
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Key Features:
1. Decentralized:
No government or bank controls Bitcoin. It's run by a network of computers worldwide.
2. Blockchain Technology:
All Bitcoin transactions are recorded on a public ledger called the blockchain, which is secure and cannot be changed.
3. Limited Supply:
Only 21 million Bitcoins will ever exist. This makes it scarce, like gold.
4. Peer-to-Peer:
People can send BTC directly to each other without any middleman (like a bank).
5. Mining:
New Bitcoins are created through a process called mining, where powerful computers solve complex puzzles.
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Why is it valuable?
Scarcity (limited supply)
Security (difficult to hack)
Decentralization (no single control)
Global Use (anyone with internet can use it)
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Common Uses:
Investment (like digital gold)
Online purchases
Sending money internationally
Trading on crypto exchanges
