#BTCOutlook BTC (Bitcoin) is a decentralized digital currency created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. It operates on blockchain technology, a public ledger that records all transactions. Bitcoin is not controlled by any central authority, making it the first cryptocurrency to achieve widespread adoption.
Key Features of Bitcoin:
1. Decentralized: Operates without a central authority like a bank.
2. Limited Supply: The total supply is capped at 21 million coins, making it a deflationary asset.
3. Peer-to-Peer: Allows users to send funds directly to each other without intermediaries.
4. Secure: Uses cryptography and proof-of-work (PoW) for transaction verification.
5. Borderless: Can be sent anywhere in the world, bypassing traditional banking systems.
Common Uses:
Digital Payments: For online purchases or as a store of value.
Investment: Often referred to as "digital gold" due to its scarcity.
Remittances: A cheaper alternative for sending money internationally.
If you're looking for specific information about Bitcoin's current price, adoption trends, or recent developments, let me know!