$BTC
Bitcoin (BTC) is the world's first and most widely recognised cryptocurrency, introduced in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates on a decentralised ledger called the blockchain, ensuring transparency and security in transactions without the need for intermediaries like banks.
Key Features of Bitcoin:
Decentralisation: No central authority controls Bitcoin.
Limited Supply: The maximum supply is capped at 21 million coins, driving scarcity.
Peer-to-Peer Transactions: Enables direct transfers between users globally.
Security: Utilises cryptographic techniques to secure funds and transactions.
Volatility: Bitcoin's price can fluctuate significantly, influenced by market demand, investor sentiment, and macroeconomic factors.
Bitcoin is often viewed as digital gold, serving as a store of value and a hedge against inflation. However, it's also used for everyday transactions, investments, and as a technological foundation for other blockchain innovations.