$BTC
Bitcoin (BTC) is a decentralized digital currency that was introduced in 2009 by an anonymous person or group of people under the pseudonym Satoshi Nakamoto. Unlike traditional currencies, Bitcoin operates on a peer-to-peer network using blockchain technology, which is a distributed ledger that records all transactions in a secure, transparent, and immutable way. Bitcoin is not controlled by any central authority, like a government or bank, making it immune to inflation and political manipulation.
Bitcoins are created through a process called mining, where powerful computers solve complex mathematical problems to validate transactions and secure the network. The supply of Bitcoin is capped at 21 million, which introduces scarcity and has contributed to its value over time.
Bitcoin has gained popularity as an investment asset, a store of value, and a medium of exchange. However, it is also volatile, with price fluctuations influenced by market demand, regulatory news, and technological advancements.