$BTC Bitcoin (BTC) — Short Details
What is it?
Bitcoin is the first and most well-known cryptocurrency, a form of digital money that operates on a decentralized peer-to-peer network.
Created by:
An anonymous person or group named Satoshi Nakamoto in 2008.
Purpose:
To enable secure, transparent, and censorship-resistant transactions without relying on banks or governments.
Technology:
Uses blockchain — a distributed ledger that records all transactions publicly and securely.
Total supply:
Capped at 21 million BTC to maintain scarcity.
How it works:
Miners validate transactions by solving complex cryptographic puzzles, earning BTC as rewards.
Use cases:
Digital gold/store of value, online payments, remittances, and a hedge against inflation.
Volatility:
Known for price volatility but widely accepted as the leading crypto asset.
