$BTC Name: Bitcoin

Symbol: BTC

Launched: January 3, 2009

Created by: A person or group using the pseudonym Satoshi Nakamoto

Type: Decentralized digital currency (cryptocurrency)

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Key Highlights:

Purpose:

Bitcoin was created as an alternative to traditional currencies and financial systems, aiming to offer peer-to-peer transactions without the need for intermediaries like banks.

Technology:

Runs on blockchain, a decentralized public ledger that records all transactions transparently and securely.

Supply Limit:

Only 21 million BTC will ever exist, making it a scarce digital asset.

Mining:

New bitcoins are introduced through a process called mining, where powerful computers solve complex mathematical problems.

First Use Case:

The first known purchase using Bitcoin was for two pizzas in 2010, costing 10,000 BTC.

Volatility:

BTC’s price is highly volatile, driven by demand, news, regulation, and market sentiment.

Impact:

Sparked the cryptocurrency revolution, leading to the creation of thousands of other digital currencies.