$BTC BTC is the abbreviation for Bitcoin, a decentralized digital currency proposed by Satoshi Nakamoto in 2008 and officially released in 2009. Here are some key points:

1. Decentralization: Bitcoin is based on blockchain technology, operating on a distributed network without a central authority (such as a bank) controlling it.

2. Blockchain Technology: Bitcoin's transaction records are stored in a public, immutable distributed ledger known as the blockchain.

3. Scarcity: The total supply of Bitcoin is capped at 21 million, giving it a scarcity attribute.

4. Uses:

• Payments: As a currency, Bitcoin can be used to purchase goods and services.

• Investment: Due to its price volatility, many people consider it an investment asset.

• Store of Value: Some view Bitcoin as 'digital gold' used to combat inflation.

5. Mining: Bitcoin is generated through 'mining,' a process that uses computational power to solve complex mathematical problems, with successful miners earning newly created Bitcoin as a reward.