$BTC
BTC is the English abbreviation for Bitcoin. Here is some basic information about it:
Concept Definition
Bitcoin is a decentralized digital currency proposed by Satoshi Nakamoto in 2008 and officially launched in 2009. It is generated through a specific algorithm based on extensive calculations, not relying on any specific monetary institution for issuance, but rather using a distributed database that spans the entire P2P network nodes to record currency transactions and account balance information.
Technical Features
- Decentralization: There is no central issuing institution or management agency, all transactions are jointly verified and recorded by nodes on the network, theoretically not controlled by any government or financial institution.
- High Security: Utilizing blockchain technology and encryption algorithms, it ensures transaction security and data integrity. Each transaction must be verified and confirmed by multiple nodes before being recorded on the blockchain, making it difficult to forge or tamper with.
- Anonymity: Users only need a wallet address when using Bitcoin, without the need to provide real identity information, which protects user privacy to a certain extent.
