$BTC

Bitcoin is a decentralized digital currency, also known as cryptocurrency. It was created in 2009 by an individual or group of anonymous individuals using the pseudonym Satoshi Nakamoto. Unlike traditional currencies such as the US dollar or the euro, Bitcoin operates without a central bank or single administrator.

Here are some key aspects of Bitcoin:

* Decentralization: Bitcoin is a peer-to-peer network, meaning that transactions occur directly between users without intermediaries like a bank. The network is maintained by a global collaboration of computers, each keeping a copy of a public ledger.

* Blockchain: All Bitcoin transactions are recorded on a public and distributed ledger called the blockchain. This chain of blocks, each containing a group of transactions, is secured by cryptography. Once a transaction is added to the blockchain, it is extremely difficult to alter.

* Mining: New bitcoins are created through a process called “mining.” Miners use powerful computers to solve complex mathematical problems. The first miner to solve the problem for a new block is rewarded with a certain amount of Bitcoin and the right to add this new block of transactions to the blockchain. This process also serves to verify and secure the network.

* Supply: The total number of bitcoins that will exist is capped at 21 million. This limited supply is a key feature that distinguishes it from traditional fiat currencies, which can be printed by central banks.

* Use cases: Bitcoin can be used for various purposes. It can serve as a medium of exchange for goods and services, a store of value similar to gold, or an investment vehicle. It is also used for international remittances.