$BTC
Bitcoin (BTC) is a decentralized digital currency that uses cryptography to secure and verify transactions. It was created in 2009 by an individual or group using the pseudonym Satoshi Nakamoto. Here are some key aspects of Bitcoin:
- Decentralized: Bitcoin operates on a decentralized network, meaning no central authority controls it.
- Limited supply: The total supply of Bitcoin is capped at 21 million.
- Fast and global: Bitcoin transactions are processed and settled rapidly, regardless of the sender and recipient's locations.
- Secure: Bitcoin's decentralized nature and cryptographic algorithms make it a secure form of currency.
- Transparent: All Bitcoin transactions are recorded on the public blockchain.
- Volatile: Bitcoin's value can fluctuate significantly due to market demand and other factors.
- Acceptance: Bitcoin is accepted by various merchants, and its use is growing.
Some interesting facts about Bitcoin:
- The first block, known as the Genesis Block, was mined by Satoshi Nakamoto in 2009.
- The smallest unit of Bitcoin is the satoshi (1 BTC = 100,000,000 satoshis).
- Bitcoin's logo is the stylized letter "B" or "".
- The Lightning Network enables faster and cheaper transactions.
- Bitcoin's hash rate reaches millions of terahashes per second.