Bitcoin $BTC

BTC

Bitcoin, the oldest and most popular cryptocurrency token in the market, was the currency that triggered the cryptocurrency craze. Since its humble beginnings in 2009, it has reached unimaginable heights and has captured the attention of investors, media, and companies.

The network is used as an alternative means of payment to cash and is protected through Proof of Work consensus. All transactions are stored on a blockchain, and miners can earn rewards for each block of transactions they confirm.

Advantages of Bitcoin

The most well-known token, which generates strong investments in the project. Relatively stable compared to some newer cryptocurrency tokens.

Disadvantages of Bitcoin

BTC operates on proof of work, which consumes a lot of electricity and requires excessive time to confirm transactions. As BTC acts as an index of the overall cryptocurrency market, it rarely deviates from the trends and general conditions of the market.