Bitcoin ($BTC ) is the first and most well-known decentralized cryptocurrency, created in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates on a peer-to-peer network using blockchain technology, a distributed public ledger that records all transactions.
Key characteristics of Bitcoin include:
Decentralization: No central authority like a bank controls it.
Limited Supply: Only 21 million bitcoins will ever be mined.
Transparency: All transactions are publicly recorded on the blockchain, though identities remain pseudonymous.
Security: Cryptography secures transactions and prevents counterfeiting.
Volatility: Its price can fluctuate significantly due to market forces and sentiment.
BTC can be used for online transactions and is increasingly accepted by businesses. It's also considered a store of value by some investors. However, its energy consumption for mining and regulatory uncertainties remain points of discussion.
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