$BTC Bitcoin (BTC) is the first and most well-known cryptocurrency, introduced in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. BTC operates on a decentralized, peer-to-peer blockchain network, allowing users to send and receive value without relying on a central authority like a bank. Bitcoin's main purpose is to serve as a digital currency and store of value. It uses a consensus mechanism called Proof of Work (PoW), where miners validate transactions and secure the network by solving complex mathematical problems. The total supply of BTC is capped at 21 million, making it a deflationary asset. Bitcoin is widely accepted as a form of payment, investment, and hedge against inflation. Transactions on the Bitcoin network are transparent, secure, and recorded permanently on the blockchain. Over time, Bitcoin has gained mainstream adoption and is considered digital gold by many investors. Its decentralized nature and limited supply contribute to its value and growing popularity globally.
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