#onchainInaights BTC (Bitcoin) is the world's first and most popular cryptocurrency, created in 2009 by an anonymous person or group named Satoshi Nakamoto. It is a digital currency based on blockchain technology and is decentralized (free from the control of any bank or government).
Key features of BTC:
Decentralized: No government or institution controls it.
Based on blockchain: The record of every transaction is kept safe on the blockchain.
Limited supply: Only 21 million bitcoins can be created, which maintains its rarity.
Peer-to-peer transactions: BTC transactions can take place directly between two people without any intermediary (bank).
Volatility: Its price fluctuates very rapidly, making it risky but attractive for investment.
Uses of BTC:
Digital Payments: Many companies and online platforms use Bitcoin