$BTC

Bull trap

Bitcoin (BTC) is the first and most famous cryptocurrency, created in 2009 by a person or group of people operating under the pseudonym Satoshi Nakamoto. Bitcoin is based on blockchain technology, a decentralized network that allows for the safe and transparent transfer of value without the need for intermediaries such as banks or financial institutions.

Key features of Bitcoin:

1. Decentralization: Bitcoin operates on a peer-to-peer (P2P) network, meaning it is not controlled by any central institution.

2. Limited supply: The maximum number of Bitcoins that will ever be available is 21 million. This provides protection against inflation.

3. Anonymity: Bitcoin transactions are pseudonymous - wallet addresses do not contain personal user information.

4. Security: Transactions are secured by a cryptographic mechanism and confirmed by network participants (so-called miners) in a process called mining. 5. Global reach: Bitcoin can be used worldwide without geographical restrictions.