#GENIUSActPass Bitcoin (BTC) is a decentralized digital currency that operates on a peer-to-peer network, allowing users to send and receive bitcoins without intermediaries. Here are some key points about Bitcoin ¹ ² ³:

- *Decentralized Network*: Bitcoin operates on a decentralized network, meaning no single entity controls it.

- *BIP39 Standard*: Bitcoin Improvement Proposal 39 (BIP39) is a standard for generating mnemonic phrases, which are human-readable representations of cryptographic keys used to backup and restore cryptocurrency wallets.

- *Seed Phrases*: Bitcoin wallets often use seed phrases, typically 12-24 words, to generate cryptographic seeds and wallet addresses.

- *Wallet Compatibility*: BIP39-compliant wallets, such as Ledger, Trezor, and Trust Wallet, ensure interoperability and security for users.

- *Security*: Bitcoin's security relies on proper implementation and user practices, such as securely storing mnemonic phrases offline.

Bitcoin's current price and market capitalization can fluctuate rapidly. For the most up-to-date information, it's best to check reliable cryptocurrency sources.