$BTC Bitcoin, the cryptocurrency that dominates the market by its market capitalization, leads a movement that diverges from traditional banking systems. Despite its growing popularity, many still do not understand what Bitcoin is and its purpose.

Here we will address how bitcoin works and why it has become the most recognized cryptocurrency worldwide.

Bitcoin is a cryptocurrency. These are digital or virtual currencies based on blockchain technology; a decentralized digital ledger that records and tracks cryptographic transactions. The design of Bitcoin was intended to function as a decentralized alternative to traditional fiat currencies, eliminating the need for intermediaries.

Bitcoin was not the first digital currency, but it was the first decentralized cryptocurrency to achieve such recognition.