$BTC
Bitcoin (BTC) is the first decentralized digital currency, launched in 2009 by an unknown person or group using the pseudonym "Satoshi Nakamoto." Bitcoin relies on blockchain technology, which is a distributed public ledger that securely and transparently records all transactions.
### Key Features of Bitcoin:
1. **Decentralization**: Bitcoin is not controlled by any government or central financial institution.
2. **Limited Supply**: The maximum number of bitcoins that can be mined is 21 million units.
3. **Mining**: New bitcoins are created through a process called mining, where complex mathematical problems are solved using powerful computers.
4. **Security**: Bitcoin uses encryption technology to secure transactions and control the creation of new units.
5. **Global Use**: Bitcoin can be used anywhere in the world, making it a global means of payment.
### Uses of Bitcoin:
- **Financial Transfers**: Bitcoin is used to send money across borders quickly and at a lower cost compared to traditional methods.
- **Investment**: Bitcoin is considered an investment asset due to its significant price volatility.
- **E-commerce**: Bitcoin is accepted as a means of payment by many online stores and services.