Bitcoin (BTC) is the first and most well-known cryptocurrency, launched in 2009 by an anonymous individual or group using the name Satoshi Nakamoto. It introduced the concept of decentralized digital currency, enabling peer-to-peer transactions without the need for a central authority like a bank. Bitcoin operates on a blockchainโa public, immutable ledger that records all transactions transparently and securely.
BTC is often referred to as "digital gold" due to its limited supply of 21 million coins, which gives it scarcity and has fueled its adoption as a store of value. Mining is the process by which new bitcoins are created and transactions are verified, involving powerful computers solving complex mathematical problems.
Bitcoin has grown from a niche internet experiment to a major financial asset traded globally. It has been embraced by retail investors, institutions, and even some governments. Despite its volatility, many see it as a hedge against inflation and currency devaluation.
Bitcoinโs impact extends beyond financeโit has inspired thousands of other cryptocurrencies and innovations in blockchain technology. However, it also faces criticism for its energy consumption and use in illicit activities. Still, BTC remains at the heart of the crypto revolution and continues to shape the future of money.
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