$BTC $BTC is the ticker symbol for Bitcoin, the first and most well-known cryptocurrency. Here's a concise overview:
Full Name: Bitcoin
Launched: 2009 by an anonymous person or group known as Satoshi Nakamoto
Purpose: Decentralized digital currency for peer-to-peer transactions without the need for intermediaries like banks
Supply Cap: 21 million BTC (making it deflationary by design)
Consensus Mechanism: Proof of Work (PoW)
Use Cases:
Digital store of value ("digital gold")
Medium of exchange
Hedge against inflation (according to some proponents)
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