#BinanceTurns8 Bitcoin (BTC) is the first and most well-known cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. It operates on a decentralized, peer-to-peer network without the need for a central authority like a bank or government. Bitcoin uses blockchain technology to record all transactions securely and transparently. Its primary purpose is to serve as digital money, allowing users to send and receive value globally. Bitcoin has a fixed supply of 21 million coins, making it scarce and often compared to digital gold. It is widely accepted, traded on most crypto exchanges, and plays a key role in the entire crypto market.