$BTC
BTC THE FUTURE OF CRYPTO
Bitcoin (BTC) is a decentralized digital currency created in 2009.
* Decentralized: No central bank or administrator controls it.
* Blockchain: Transactions are recorded on a public, secure, and unchangeable digital ledger.
* Limited Supply: Only 21 million Bitcoins will ever exist, similar to precious metals.
* Security: Uses strong cryptography for secure transactions.
* Pseudonymous: Transactions are public, but identities are linked to wallet addresses, not names.
How it works: Transactions are verified by "miners" and added to the blockchain.
Uses: Seen as a medium of exchange by some, and a potential "store of value" or "digital gold" by others due to its scarcity.
How to get it: Primarily bought on cryptocurrency exchanges.
Risks:
* High Volatility: Price can change dramatically and quickly.
* Regulatory Uncertainty: Rules are still developing.
* Security Risks: Exchanges and wallets can be targeted by hackers.
* Irreversible Transactions: Mistakes are hard to fix.
* Lack of Protection: Fewer consumer protections than traditional investments.