$BTC

Bitcoin (BTC)

Bitcoin (BTC) is the first and most well-known cryptocurrency, launched in 2009 by an anonymous person or group known as Satoshi Nakamoto. As a decentralized digital currency, Bitcoin operates on a peer-to-peer network without the need for intermediaries like banks or governments.

How Bitcoin Works

Bitcoin transactions are verified by a network of computers (nodes) through a process called mining, where miners solve complex mathematical puzzles to add transactions to the blockchain. The blockchain is a public ledger that records all Bitcoin transactions, ensuring transparency and security.

Key Features of Bitcoin

Decentralization: No central authority controls Bitcoin.

Limited Supply: Only 21 million Bitcoins will ever exist.

Security: Transactions are secured by cryptographic techniques.

Borderless: Can be sent and received anywhere globally.

Why Bitcoin is Important

Bitcoin is seen as "digital gold" due to its limited supply and serves as a hedge against inflation. It has paved the way for thousands of other cryptocurrencies, transforming the financial world.