$BTC Tokenomics.

It is used as a native currency within the Bitcoin network. It can be used for peer-to-peer payments and value storage within the Bitcoin network. It is also used to pay fees for transactions. Throughout its life, it has most notably served as a digital currency for online marketplaces, a settlement layer for transferring value between Bitcoin exchanges, a capital-raising mechanism for novel cryptocurrency projects, a collateral asset for lending products, and a speculative store of value.

Consensus Mechanism

Bitcoin releases tokens to incentive miners for processing transactions, hashing data to find valid blocks, and solving cryptographic puzzles. This process, known as Proof-of-Work (PoW), requires miners to use computational power to add new blocks to the blockchain. Each block typically takes about 10 minutes to mine, and with block rewards plus transaction fees, only one miner claims the full reward per block.