$BTC

Bitcoin (BTC)

Bitcoin is the first decentralized cryptocurrency, invented in 2008 by an unknown person known as Satoshi Nakamoto. It can be sent from one person to another over the Bitcoin network without the need for a third party.

Characteristics of Bitcoin

- *Decentralization*: There is no central authority overseeing the network.

- *Encryption*: It relies on encryption to protect transactions.

- *Blockchain*: A distributed ledger that records all transactions.

Uses of Bitcoin

- *Payments*: It can be used to purchase goods and services online.

- *Investment*: Many consider it a potential investment.

- *Remittances*: It can be used for cross-border transfers.

Advantages of Bitcoin

- *High liquidity*: It can be easily traded in many markets.

- *Transparency*: All transactions are recorded on the blockchain, providing full transparency.

- *Maximum issuance*: There is a maximum limit to the number of bitcoins that can be created, which is 21 million coins.$BTC